Bitte_Kein_Lexus wrote: ↑Sun Mar 21, 2021 10:28 am

KTabi wrote: ↑Sun Mar 21, 2021 9:00 amCambodia as a proportion of citizens is very high tourism, I assumed that would mean many people's livelihoods rely on tourism in Sville and SR. The regular businesses in PP are probably more hurt by the latter attitudes locally but it's all unfortunate. I could be wrong but I think the national GDP is very heavily burdened by no tourists. For every tourist in a year there are only about 3 Cambodians.

Of course, any businesses in Cambodia either directly or indirectly rely on tourism. However, tourists likely account for less than 5% of the sales of the aforementioned chains, which are part of the Express Food Group. I very rarely ever saw a tourist at Pizza Company, for example. Tourists tend to stay in very specific quarters and generally eat in very specific spots aimed at them. Very few (though they like to think the opposite) really venture out of these tourism hotspots. The larger repercussions are maybe reduced sales because of loss of income which some Cambodians are experiencing, but the vast majority of their patrons are locals, not tourists. The article itself mentions that their sales are down specifically because of the latest outbreak, which is the most severe we've had so far. People are staying at home, so business is down big time for dine-in restaurants.

atst wrote: ↑Sun Mar 21, 2021 9:53 am They mention people don't want to touch money , I've noticed a lot of places spay the cash now when you give it to them.

Neverminded that the whole "touching" aspect has been largely debunked. It's good to be cautious, but the risk of contracting Covid from touching surfaces is negligible at best.
https://www.nature.com/articles/d41586-021-00251-4

More than reasonable to say that local practices are even more important than tourism given existing tourism restrictions, I just mean to say that the gov was expection 7 million tourists by 2020. If the average tourist spent just 200 USD that is 2 billion less USD in circulation. I worry a lot for the people I met in SR but what can you do.

IraHayes wrote: ↑Sun Mar 21, 2021 10:58 am Tourism bought in $5bn in 2019.

One can only assume this figure has been decimated by COVID and 2020 to present is far below this. That's a big chunk of money that has been lost. The knock-on effect will mean less money from the top all the way down to the cleaning staff and night watchmen and means a lot of people have had to make cut-backs.

Exactly, the domino effect is so sad.

Cambodia extends tax holidays for airlines, tourism-related businesses for another 3 months
Source: Xinhua| 2021-03-25

PHNOM PENH, March 25 (Xinhua) -- The Cambodian government on Thursday extended tax breaks for airline companies and tourism-related businesses for another three months from April to June, 2021 to help offset losses caused by the COVID-19.

"The extended measures aim to mitigate the impact of the Feb. 20 community outbreak of COVID-19 on socio-economic situation and to continue supporting businesses in the context of COVID-19," the government said in a press statement.

The government would continue providing cash reliefs to the poor and vulnerable families for another three months, the statement said.

Also, unemployed workers in the garment-textile, footwear and travel goods sector would continue receiving 40 U.S. dollars from the government and 30 dollars from the suspended factory per month for another three months, while the jobless in tourism would receive 40 dollars a month from the government for the same period, the statement added.
http://www.xinhuanet.com/english/asiapa ... 835775.htm

CEOCambodiaNews wrote: ↑Fri Mar 26, 2021 1:20 am Cambodia extends tax holidays for airlines, tourism-related businesses for another 3 months
Source: Xinhua| 2021-03-25

PHNOM PENH, March 25 (Xinhua) -- The Cambodian government on Thursday extended tax breaks for airline companies and tourism-related businesses for another three months from April to June, 2021 to help offset losses caused by the COVID-19.

"The extended measures aim to mitigate the impact of the Feb. 20 community outbreak of COVID-19 on socio-economic situation and to continue supporting businesses in the context of COVID-19," the government said in a press statement.

The government would continue providing cash reliefs to the poor and vulnerable families for another three months, the statement said.

Also, unemployed workers in the garment-textile, footwear and travel goods sector would continue receiving 40 U.S. dollars from the government and 30 dollars from the suspended factory per month for another three months, while the jobless in tourism would receive 40 dollars a month from the government for the same period, the statement added.
http://www.xinhuanet.com/english/asiapa ... 835775.htm

If your business is not generating revenue and profit then you would not be paying taxes anyway. Especially small businesses. Maybe airlines. HE must have learned this one from Trump. (HE, since we know your IT police are reading CEO now, that was just a joke. Sorry.)

New business registrations down 41%
Thou Vireak | Publication date 05 April 2021 | 08:45 ICT

Last year saw 7,860 new businesses register with the Ministry of Commerce, down 40.72 per cent from 13,259 in 2019.

At the same time, the ministry dissolved 500 businesses last year, marking a 187 per cent increase from 174 in 2019.

At the opening of the ministry’s annual review meeting on April 1, minister Pan Sorasak said his ministry is committed to diversifying the economy and negotiating bilateral and multilateral free trade zones with trading partners to draw in new investment.

He said the ministry will work towards strengthening the Kingdom’s intellectual property and consumer protection regimes, promoting public services and further facilitating conditions for doing business.

“The Ministry of Commerce has been striving to fortify the capacity and efficiency of officials to compete in the regional and global arenas by propping up human resources, structural reforms in governance and management, institutional development, as well as the development of laws and legal regulations related to trade,” he said.

Hong Vanak, director of International Economics at the Royal Academy of Cambodia, blamed the decline in registrations on the Covid-19 pandemic, pointing out that it had created a barrier to investment in the Kingdom.
https://www.phnompenhpost.com/business/ ... ns-down-41

Long read.
‘No light at the end of the Covid-19 tunnel’ – Tourism players fear latest upheaval is the end-all for many
Sangeetha Amarthalingam | Publication date 08 April 2021 | 23:17 ICT


Even as vaccination is progressing in Cambodia and globally, tourism players contemplate their long-term survival with the arrival of a five-year roadmap as the pandemic rages on

‘Our business is on the verge of a collapse. All our savings are gone and we have borrowed from banks, our friends and families. Now, we don’t know what to do!” bemoaned Clais Chenda, who owns two boutique hotels and an elephant sanctuary in northeastern province Ratanakkiri.

“We are suffering yet another blow with the curfew and inter-province travel ban. Many hotels that somehow survived till now will be forced into bankruptcy,” Chenda, also the president of Cambodia Hotel Association (CHA), related regarding the hospitality industry.

The situation took a turn for the worse following the third community transmission wave, which – comparatively more critical than the previous ones – is suppressing any hope the tourism sector might have glimpsed earlier this year.

Similarly, investment pressure on the sector, which has been a key gross domestic product (GDP) contributor, is likely to persist as investors employ a “wait and see” approach pending the resumption of global travels.

In less than a week from now, Khmer New Year, one of Cambodia’s main holidays, will be celebrated. Ordinarily, the week-long break sees Phnom Penh emptying out, as the exodus of city dwellers spend the traditional festival with families and friends in the province.

It is also a time to indulge in some spot tourism, which drives domestic tourism receipts up every season.

However, the inter-provincial travel ban imposed until April 20 along with orders to keep tourist attractions shut, will likely slay any chance of a revenue uptick.

The current coronavirus spread has claimed 24 lives as the number of cases spiked to 3,028 as of April 8, 2021, following the February 20 event.

On the heels of this, the government launched a five-year tourism roadmap to revive the sector which recorded a loss of $5 billion in revenue in 2020, underpinned by a fall of over 50 per cent in total internal tourism, the bulk of which comprised foreigners.

Until late February, over 3,000 hospitality businesses have wound up in the country, the majority of them in Siem Reap, home of UNESCO-listed ancient temple complex Angkor Wat, while knocking out a big portion of the 750,000 jobs in the industry.
https://www.phnompenhpost.com/special-r ... d-all-many

what makes it especially sad
is that once covid is subdued
you can take a good guess at who will swoop in with cash
to reincarnate tourism businesses
in their own image

September 10, 2021
Time may be running out for the tourism industry, experts warn
Covid restrictions and a drop in tourists have forced some guest houses to shut their doors temporarily. Others will never reopen.
Michael Firn / Khmer Times

The Tourism Ministry is hoping for a “new normal” by the end of this year but right now hoteliers, tour operators and travel agents are suffering from a far from normal situation. Rising cases of the Delta variant offer no prospect of an end to the Coronavirus pandemic. Many businesses have closed and others are on their last legs.

With business travellers forced to quarantine for two weeks and no decision on when to start reissuing tourist visas, international arrivals have fallen off a cliff. Passenger traffic at the Kingdom’s three international airports was down more than 93 percent in the year through to the end of July, compared with the first seven months of last year. The number of domestic tourists dropped by 27 percent in the first weekend of September, compared with the first weekend in July.

Chinese are the biggest visitors to the Kingdom, and Pacific Asia Travel Association (PATA) Cambodia Chapter Chairman Sinan Thourn says they are unable to visit, or – if they have already arrived in Cambodia – they are stranded.

“Airline connectivity has been decreasing almost every day. The connections are halving from one country to another, especially between Cambodia and China. There have not been many flights from China to Cambodia and almost zero flights from Cambodia back to China. A lot of airlines have been suspended. I believe there’s only a very few airlines that can fly between the two countries,” he said.

The government’s new normal envisages a gradual return of tourists .The three phases of the Tourism Ministry’s draft plan are ‘Resilience and Restart’ in 2020 and 2021, ‘Recovery’ in 2022 and 2023 and ‘Relaunch’ in 2024 and 2025.
https://www.khmertimeskh.com/50932575/t ... erts-warn/

Siem Reap Tourism Slow to Rebound After Covid

Cambodia News (Phnom Penh): 30 August 2022: Despite the gradual increase in national and international tourists, in Siem Reap approximately 46% of the tourism businesses remain closed due to the impact of the COVID-19 pandemic, including hotels, guesthouses, restaurants and other tourism related business. This is mainly due to the fact that the number of tourists visiting Siem Reap remaining relatively small, which makes some business owners reluctant to open.

HE Top Sopheak, Secretary of State and Spokesman for the Ministry of Tourism, said that according to a press release by the Ministry of Tourism last weekend, Siem Reap was the worst affected province during the COVID-19 pandemic, with about 90% of businesses in the province who suspended operations or closed completely, while other tourist destinations were less affected.
According to a H.E Sopheak, there are currently about 5,000 international tourists visiting Cambodia, including between 700 and 800 per day in Siem Reap. There are currently a total of 2,529 restaurants, of which more than 2,000 are open while at least 363 remain closed.