Tourism is a crucial component of the Cambodian economy, and the government hopes to bring a lot of tourists to the country.
However, with the economic slowdown affecting the tourism industry, and a lack of local staff, there is a significant amount of uncertainty about what will happen.
Cambodian Tourism Industry – Who’s in?
According to the World Tourism Organization (WTO), Cambodia has over 1.3 million tourists visiting its country every year.
According the Tourism Development Institute (TDI), the country’s tourism industry has been on a steady rise since the mid-2000s.
The TDI estimated that by 2020, the tourism industry would grow by 25%.
This growth would bring in more than US$20 billion in annual revenue.
The Tourism Development Board (TDB) also said that Cambodia’s tourist industry would grow by 15.4% from 2019 to 2020.
These numbers are based on a 2020 baseline of 2.7 million tourists per year.
The TDB said that the tourism sector will increase to 3.6 million tourists by 2025, and then grow to 6.5 million tourists in 2025.
How many people are working in tourism?
The TDI said that more than one in 10 Cambodians work in tourism in the country, with a significant number working for local and international companies.
In 2018, there were 1.2 million tourists working in the country in an industry that is estimated to generate around $2.5 billion annually.
However, there are a number of challenges for the sector.
For one, there aren’t many people who have the necessary qualifications and experience to work in the sector, according to the TDI.
“We are hoping that as tourism grows, there will be more staff coming in and we can hire people with the necessary experience to be in the industry,” TDI General Manager Vinay Khadmat said in a statement.
As a result, there is a shortage of local and foreign workers in the tourism industry.
There are also a number of difficulties associated with the industry.
Khadmat added that there are some technical challenges involved in working in an industry which are not easy to overcome.
Khadsmat said that although there is an overall prestige for the industry in the country, it is still an extremely young industry and people still have a long way to go.
It is also a challenge for the tourism business, especially as it has not had a steady increase in tourism revenue for several years.
TODAY’S TOP NEWS STORIES The latest news from the world of fashion The US Supreme Court has decided to rule on the legality of the fashion retailer, Fashion Bug. Today, a new suitmaker from New York will take on a $2bn lawsuit alleging that he was not paid the wages he was promised.
Betsy Stern will be in court on November 18th.
What do you think about the Supreme Court ruling on the fashion suit maker?
Are you looking forward to the legal fight between Facialwear Firm and Fauxtail Pig?
What are your thoughts on the Supreme court ruling on Femme Fatale?
Who is the next fashion designer?
Where do you find the perfect dress?
You can also follow us on Twitter, Facebook, Instagram, Google+, Pinterest and Instgram.