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International tourist arrivals to
Cambodia drop in the first 10 months of this year. (Photo: The Phnom Penh Post)
Phnom Penh (VNA) – The Cambodian government on December 24
announced a seventh round of stimulus measures for the aviation and tourism
sectors, aiming to boost their business activities and ease their financial
burden in the face of severe challenges stemming from the spread of
The measures will extend the 10 percent minimum
tax exemption for all airlines
registered in Cambodia for a period of three months from January to March next
year, the government said in a press release.
At the same time, the government has extended the payment of civil aviation
Exhibit 1: COVID-19 Impact on Travel & Tourism Industry: Growth
Rate (%) of Industry Revenues in Select Countries for 2020 Vs
2019 II-2
International Tourist Arrivals by Region for 2019 and Q1 2020 II-3
COVID-19 Proving Disastrous for Tourism-Oriented Countries II-3
Exhibit 3: Countries with Maximum Vulnerability to COVID-19
Impact on Tourism Industry: Travel & Tourism Industry as % of
GDP by Country for 2019 II-4
Digitalization Augurs Well for the Market II-5
With Travel Industry Hit Hard by the Crisis, Impact Imminent on
Travel Technology Market II-5
Global Travel Technologies Market: Growth Prospects & Outlook II-7
GDS Emerges as the Largest Segment II-8
Competition II-9
3. MARKET TRENDS & DRIVERS II-13
Business Travel Spending Trend: Major Contributor to Growth of