Travel expo to draw big dollars and big buyers

Aug 7th at 14:29
07-08-2014 14:29:23+07:00

Travel expo to draw big dollars and big buyers

The government has squirrelled away about $500,000 for the upcoming Pacific Asian Tourism Association Travel Mart (PTM), which is to run September 17-19.

Tourism Minister Thong Khon told the Post yesterday that the government had approved the $500,000 budget for the event, which it is hoped will attract more tourism business to the Kingdom.

“The amount is not much compared to the long-term benefits the event could bring to the country,” Khon said.

“Cambodia could earn three to four times more than that amount from tourism-related business in the year following the event. That is what the government expects.”

The event, co-organised by the Pacific Asian Tourism Association (PATA), is expected to cost more than $1 million. Thoun Sinan, president of the association’s Cambodian chapter, said the co-organiser and attendees would help fund the remaining amount.

“The income from booth rentals will be used to cover the event’s expenses, which include paying for accommodation, tickets, food and transportation for invited buyers,” Sinan said.

“If there is revenue from the event, the money will go to PATA,” he added.

More than 600 tourism companies from around the world are expected to attend the event, which will be held on Koh Pich.

Last year’s PTM was held in Chengdu, China. It hosted some 550 tourist industry stalls and about 473 buyer delegates, according to PATA.

phnompenh post



NEWS SAME CATEGORY

Heavy falls may mean improved rice harvest

Rainfall over the weekend, which caused flooding in 13 provinces, could improve crop yields for rice growers, provincial authorities say.

Benefits there for the taking

Thailand will lose its beneficial tax treatment on exports to the European Union next year, and Cambodia’s manufacturing sector could be set to capitalise.

Cassava farmers plead for gov’t help

Cassava farmers are calling on the government to standardise prices and help stabilise demand as the market for the root crop continues to prove risky for growers.

Heavy falls may mean improved rice harvest

Rainfall over the weekend, which caused flooding in 13 provinces, could improve crop yields for rice growers, provincial authorities say.

Embassy asked to intervene

Boeung Kak residents delivered a petition to the Singaporean Embassy yesterday, calling on it to pressure Singapore-listed HLH Group to halt dealings with a...

Cambodia ready for rice bid

Cambodia will join the bidding for the Philippine government’s latest rice import offer, a senior rice industry official says.

ANZ accused of abandonment

ANZ Royal has been accused of abandoning the communities impacted by ruling party Senator Ly Yong Phat’s $220 million sugar plantation developments, after the bank...

Big strides for savings in MFIs

Microfinance deposits are on the rise, a positive trend that the industry says is moving the country towards a reduced dependency on foreign funding and that will...

Maiden landing at beachside airport

Sihanouk Ville International Airport received its first international flight this week, a landing the industry hopes will open up the coastal resort destination to...

Economic policy on the agenda

The National Bank of Cambodia (NBC) yesterday held its inaugural “macroeconomic conference”, an annual event that aims to garner input from economists, researchers...


MOST READ


Back To Top