Leasing hotel in Siem Reap
- newkidontheblock
- Expatriate
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Re: Leasing hotel in Siem Reap
Even the guy with Singaporean, Chinese, and Muslim Malay connections is hiding out in his hotel to avoid creditors. The business is tough right now.phuketrichard wrote:Do agree, oversupply and dont recommend unless you have Japanese, Korean or Chinese connections to fill ur rooms.
... but rumor has it the PRC has been eyeing it for eventual takeover...
The next Westlake with a temple view coming soon.
Re: Leasing hotel in Siem Reap
I do agree with all the advice not to do it. When I came to Siem Reap in 2012 there were rather less than 400 hotels. There are now in excess of 1200 hotels including the enormous Sokha Resort with over 600 rooms. Astonishingly there are still many hotels under construction. The number of tourists has not however tripled - if anything its gone down except for the massive growth in the number of Chinese tourists who go to their own prepaid hotels.
Think outside the box and look at locations that have a shortage of hotels and think about creating something unique to attract customers (if you have funds). Alternatively think about being a supplier to these hotels - you do not have to care then if they go bust.
Think outside the box and look at locations that have a shortage of hotels and think about creating something unique to attract customers (if you have funds). Alternatively think about being a supplier to these hotels - you do not have to care then if they go bust.
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- Tourist
- Posts: 16
- Joined: Wed May 15, 2019 12:35 pm
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Re: Leasing hotel in Siem Reap
I agree with the posts before. Don't do it. My feeling is, Siem Reap have too much of everything. I'm also looking for a small guesthouse since a while. Don't be in a hurry, don't trust agents. Stay at different places in Cambodia and try to get a feeling for the area. Get in contact with local expats there, to get more informations. Take your time. My advice.samrong01 wrote: ↑Tue Jun 11, 2019 3:31 am I do agree with all the advice not to do it. When I came to Siem Reap in 2012 there were rather less than 400 hotels. There are now in excess of 1200 hotels including the enormous Sokha Resort with over 600 rooms. Astonishingly there are still many hotels under construction. The number of tourists has not however tripled - if anything its gone down except for the massive growth in the number of Chinese tourists who go to their own prepaid hotels.
Think outside the box and look at locations that have a shortage of hotels and think about creating something unique to attract customers (if you have funds). Alternatively think about being a supplier to these hotels - you do not have to care then if they go bust.
Good luck!
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