Cambodian Prime Minister Hun Sen announced Monday that the country’s tourism sector earned $3.4 billion in 2016. The Greater Mekong Subregion member attracted 5 million international visitors last year, 5% more than in 2015.
“We predict that Cambodia will welcome 5.4 million foreigners in 2017 and up to 7 million in 2020 with estimated revenue of $5 billion,” Hun Sen said.
Hun Sen said that the tourism industry currently provides some 620,000 direct jobs, which will rise to 1 million in 2020. He cited Cambodia’s peace and political stability as prerequisites for such growth.
Outbound up 20%
Cambodians spent about US$600 million abroad last year, state media reported, while official figures showed a 20% annual increase in outbound tourism.
Tourism Minister Thong Khon estimated that Cambodians travelling abroad spent $600 million in 2016, state news agency AKP said, citing an unnamed local media source.
Ho Vandy, deputy secretary-general of Cambodia’s National Tourism Alliance, attributed growing incomes in the Kingdom for both the increase in outbound tourism and higher travel spending.
He added that Cambodians also benefitted from better air connectivity, particularly for regional destinations.