Cambodia to lose $3b in revenue from tourism sector

• Jun 05, 2020

Cambodia will see a huge loss in revenue generated from tourism sector of around $3billion this year due to the pandemic spread, according to the Minister of Tourism.

Minister Thong Khon said during the launch of additional safety measures for tourism-based business that the global virus has hit the tourism sector the hardest around the world and Cambodia will see it’s foreign and local visitors decline by about 70 percent and 50 percent respectively this year, causing the country to lose $3billion.

During the first four month, Cambodia welcomed 1.16 million foreign visitors, a decline of 52 percent compared with the same period last year, according to Minister.

The ministry of Tourism this week has introduced additional safety measures for hotel and guesthouse, restaurant, transportations and resorts to contain the pandemic spread after signs of that tourism activity is rebounding.

So far around 2,956 tourism-related business in Cambodia has been closed, leaving a further 45,405 people unemployed, according to the Minister.

Source: https://www.khmertimeskh.com/50730893/cambodia-to-lose-3b-in-revenue-from-tourism-sector/