Cambodia tourism stride ahead 0

Angkor WatSource: TTR Weekly

Cambodia’s tourist arrivals registered a 19.2% growth in July according to the country’s statistics and tourist information department.

The country attracted 338,761 visits compared to 284,282 during the same month in 2012. More…

Cambodia receives over 2.4 mln foreign visitors in 7 months 0

Cambodia planning to build two international airportsSource: Xinhua

Cambodia has welcomed 2.43 million international tourists in the first seven months of the year, up 19 percent compared with the 2.04 million tourists over the same period last year, the figures of the Ministry of Tourism said Thursday. More…

ADB confident about Myanmar’s economic growth 0

Chairman of Leopard Capital (Marc Faber) is seeking to raise $150 million for two Myanmar-focused funds.Source: Channel NewsAsia

The Asian Development Bank (ADB) on Wednesday remained bullish on Myanmar’s economic prospects as it believes the country will achieve 6.8 per cent growth in fiscal 2014 compared to 5.5 per cent last year.

The boost will be fuelled by strong export earnings from resources such as gas, hydropower and the boom in tourism. More…

Nepal, India move closer to historic pact on tourism 0

INDIA_NEPAL_TOURISM_02-copy_20130910090908Source: eKantipur

Nepal and India are poised to sign a historic memorandum of understanding (MoU) on investment and cooperation in the tourism sector.

Stakeholders from both sides gathered here on Monday to discuss a mutually agreed draft MoU, jointly prepared by a technical team from the travel and tourism sectors of both the countries. More…

Thailand to scrap luxury-goods tax to lure China travelers 0

Louis VuittonSource: Bloomberg

Thailand’s government said it will scrap import duties on luxury watches, clothes and cosmetics to help the country compete with Hong Kong and Singapore for wealthy travelers from markets including China.

The duty on some luxury goods will be cut to zero from 30 percent by the end of the year, Permanent Secretary for Finance Areepong Bhoocha-Oom told reporters in Chonburi province. More…

Myanmar hotel investment shines 0

Chatrium Hotel, YangonSource: TTR Weekly

The era of the ASEAN Economic Community, due to begin in late 2015, will open the door for major hotel companies to invest in Myanmar.

Speaking at Thai Hotels Association monthly general meeting, Wednesday, the association president, Surapong Techaruvichit, said Myanmar is now a country that will attract enormous investment in hotels. More…

Land prices in Siem Reap spike 15 per cent 0

Strong economic conditions have lifted property prices in Temple TownSource: The Phnom Penh Post

Strong economic growth and an increase in tourism had driven Siem Reap land prices, according to an industry expert.

Sorn Seap, general manager of Key Real Estate who had studied land prices in Siem Reap town, said land prices in Siem Reap town increased about 15 per cent in the first half of 2013 to $950 per square metre compared with $825 per square metre in the same period last year. More…

Sri Lanka truly shines in Beijing 0

srilankatourismSource: The Daily Mirror

“Sri Lanka Shines in Beijing,” a Rs. 150 million mega promotional campaign by Sri Lanka Tourism’s promotional arm, Sri Lanka Tourism Promotion Bureau (SLTPB) was concluded in Beijing, China, yesterday with the support of the Chinese government and the Sri Lankan Embassy in Beijing. More…

Yangon to get 1,000 new hotel rooms this year 0

Foreign Investment to increase in MyanmarSource: The Nation

Yangon will have 1,000 new international-standard hotel rooms this year, still insufficient to meet growing demand in the former capital, a leading real estate firm said Tuesday.

The new rooms under construction will increase capacity by 65 percent, according to a report compiled by Jones Lang LaSalle. More…

Myanmar’s once restricted sites attract foreign tourists 0

Temple in Mrauk Oo, MyanmarSource: Eleven Myanmar

Myanmar’s once-restricted tourist sites are becoming places of interest among the foreign visitors, according to the Ministry of Hotel and Tourism.

Many famous sites such as Mogok city in Mandalay Region and Mrauk Oo in Rakhine State were once barred to foreign visitors. Although many are now open, some still requite special permits. More…