Asia -  Siem Reap, Cambodia

Siem Reap, gateway to the temples of Angkor Archaeological Park and a World Heritage Site, experiences strong seasonality in demand correlating with the country’s climate. Demand peaks during the cool, dry months of December and January while the pronounced heat from March to July as well as the rainy season in September reduces demand. The strong seasonality prevalent in the market limits it ability to achieve high occupancies, thus, they are usually in the 45-50% range.  As Siem Reap is a leisure destination with the temples of Angkor the only major attraction, the demand is largely international in nature, which makes the market more susceptible to turbulence in its source markets. In 2014 and 2015, owing to  the generally mellow economic sentiments in the neighboring region directly impacting personal discretionary travel spending (at least on branded hotels), most hotels in Siem Reap saw a drop in occupancy as well as average rate resulting in a drop of 20% in hotel value. What is noteworthy is that the decline in USD is similar to the decline in local currency, indicating the domination of the Dollar in the market, which makes the world currency more stable with respect to the local one.

Change In Value For Market:

Legend
Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: Less than -10%

Siem Reap RevPAR Change

Siem Reap RevPAR

Year RevPAR
2013 73.30
2014 74.55
2015 66.47
2016 70.52
2017 (f) 69.55
2018 (f) 73.85

For more information, please contact:

Hok Yean CHEE
hychee@hvs.com
  • +65 6730-6308 (w)
  • +65 9686-6218 (m)
Ho Mei Leng
mlho@hvs.com
  • +65 6730-6300 (w)
  • +65 9620-2511 (m)