Realestate News
Nov. 27, 2018, 10:41 a.m.
Competition heating up in Siem Reap hotel market
New real estate developments have been shooting up across Siem Reap over the past few years. Indeed, the Kingdom’s main tourist draw has seen a spate of new hotels, boutique accommodations, guest houses and apartments. Earlier this year Mario Tan, sales and marketing director of Hunter Estate, claimed the number of tourist-centric structures has surpassed 1,000. That is double what existed in the city just two years ago, he added.
It’s no surprise that the home of the Angkor Wat temple complex has seen such a massive demand for lodgings. According to Angkor Enterprise, the custodial organisation for the park, the number of visitors nearly hit 2.5 million in 2017.
Phin Vanna, CEO of Camglobe Realtor in Siem Reap, noted that larger hotels—those with more than 100 roo...
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