Country Highlights

Cambodia: Exploring the Diverse Delights of Tourism

Tourism has emerged as a crucial growth pillar for Cambodia, contributing nearly 20% of the country’s GDP and over 15% of jobs before the pandemic. The industry was boosted by almost $5 billion in 2019, attracting 6.6 million international tourists, with over 80% of them concentrated around the Siem Reap and Angkor archaeological complex. However, to sustain strategic influence and ensure balanced development, it is essential to diversify tourism offerings beyond these popular destinations.

To achieve this, Cambodia can focus on crafting niche products that showcase ecotourism pathways, fostering social enterprises, and uplifting marginalized artisans equitably. By promoting sustainable and responsible tourism practices, the country can set exemplary benchmarks for minimizing ecological harm through low-carbon building codes and waste processing infrastructure development. This approach will not only help preserve the environment but also create new opportunities for local communities and businesses.

In addition, Cambodia can proactively skill its youth for tomorrow’s service economies, attuned to global trends and technology absorption. This will ensure that the tourism industry remains competitive and responsive to changing consumer preferences. By investing in education and training programs, the country can prepare its workforce for the challenges and opportunities of the digital age, while also creating a more inclusive and equitable tourism sector.

To distribute the gains of tourism justly, it is crucial to prioritize conservation priorities and local livelihoods interlinkages. By balancing these interests, Cambodia can ensure that the benefits of tourism are shared among all stakeholders, including local communities, businesses, and the environment. This approach will not only help preserve the country’s rich cultural and natural heritage but also create a more resilient and sustainable tourism industry.

In conclusion, Cambodia’s tourism sector has the potential to drive economic growth and development, but it requires a strategic and balanced approach to diversification. By focusing on niche products, social enterprises, sustainable practices, and skills development, the country can ensure that tourism remains a vital growth pillar for years to come.

Wish to build solutions and build strategies? Let's get on a Call to discuss your Business

Scroll to Top
rfc logo transparent
Search

About Ruskin Felix Consulting LLC

Industries

Understand multiple industries at a glance, which encompasses change as its core attribute.

Explore Industries

Services

RFC helps clients generate long-term value for all stakeholders. We help clients transform, grow, and operate while fostering trust through assurance with our services and solutions, which are made possible by data and technology.

Sustainability

We balance ESG and risk mitigation in our professional services. Our consulting experts make sustainability a business priority with vision and pragmatism.

ISO Standards

Featured Reports

Understand the macroeconomic situations that affect the global positioning of countries.

Businesses can better understand how chatbots can advocate their vision.

DeFi helps reduce dependency on traditional methods of transactions.

Creating a sustainable environment for driving multiple countries into a better tomorrow.

Understand how the U.S. discrepancy in accordance to their debt creates a havoc. 

Sustainable blockchain technology has immense benefit for the environment which cannot go unnoticed.

Receive the latest news

Subscribe To Our Newsletter.

Get notified about new articles and business opportunities

Featured Reports

Understand the macroeconomic situations that affect the global positioning of countries.

Businesses can better understand how chatbots can advocate their vision.

DeFi helps reduce dependency on traditional methods of transactions.

Creating a sustainable environment for driving multiple countries into a better tomorrow.

Understand how the U.S. discrepancy in accordance to their debt creates a havoc. 

Sustainable blockchain technology has immense benefit for the environment which cannot go unnoticed.

About Ruskin Felix Consulting LLC

Stay In Touch

Get in touch with our team for customizable services!

rfc logo transparent

Featured Reports

Understand the macroeconomic situations that affect the global positioning of countries.

Businesses can better understand how chatbots can advocate their vision.

DeFi helps reduce dependency on traditional methods of transactions.

Creating a sustainable environment for driving multiple countries into a better tomorrow.

Understand how the U.S. discrepancy in accordance to their debt creates a havoc. 

Sustainable blockchain technology has immense benefit for the environment which cannot go unnoticed.