The city of Siem Reap has boomed due to the restoration and opening of the Angkor Wat and its surrounding relics, and now sees an annual visitor rate increase of more than 20% per annum.
SIEM REAP, Cambodia - On the morning of the 24th of June 2014, more than a thousand guests from the APAC Region gathered at the ancient city of Siem Reap, also home to the famous Angkor Wat, to witness the inaugural ceremony for the Oasis Integrated Resort Project, an integrated tourism resort development spearheaded by Hong Kong based company – Cheung Sheng Global Holdings.
Oasis Integrated Resort Project Inaugural Ceremony Chairman of Cheung Sheng, Mr. Jerome Ang, led the group's ten directors in launching the project, and announced both the construction and operation plans for the project. Mr. Ang mentioned, "The Oasis Integrated Resort will bring about a new angle in retail and services industry here, to bring out the local flavours and work out products and services to appeal to foreigners and locals alike."
It is true that the city of Siem Reap has boomed due to the restoration and opening of the Angkor Wat and its surrounding relics, and now sees an annual visitor rate increase of more than 20% per annum. Just last year, foreign and local tourists amounted to some 4.5 million people. The boom of the industry has had many positive spillover effects, especially for the services, marketing and retail industry. These talent reliant industries have consequently led to the importing of many foreign talents, managerial level and above, who have little options for spending and entertainment, despite their high grossing jobs.
The Oasis Integrated Resort aims to take advantage of this market gap, by bringing local delicacies which are cheap and affordable into the Marche-Style food hub. Other components such as a 112 room hotel, retail areas for uniquely Cambodian goods, a SPA and a KTV, will spark up the nightlife of the city, where people have few choices of entertainment during their free time. The project is set to start full scale operations in January 2015.
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