Sunday, June 10, 2012

Tourism is Key to Cambodia’s Improving Economy

According to Cambodia Ministry of Tourism (MOT), the “Kingdom of  Wonder” attracted 2,161,577 visitors in 2009 and is projecting a 12% increase this year to 2.4 million. In the first seven months, the country recorded 1,423,505 arrivals, a 13.8% year-on-year increase. The top 10 markets were Vietnam (+51.3%), South Korea (+34.4%), China (+40.6%), USA (-4.4%), Japan (+8.4%), the UK (-4.19%), France (+1%), Taiwan (+32%), Australia (+17%), and Thailand (-10.4%). The unprecedented surge in arrivals from Vietnam is attributed to the December 2008 14-day visa-free agreement signed between the two countries.

Read More in Cambodia Insight Website on Issue 6 Page 10.

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