Luxury Siem Reap Hotel Shuts Down Amid City’s Tourism Woes

A luxury Siem Reap hotel has shut down amid a downturn in tourists, with management saying the city’s hospitality businesses are locked in a battle to cut prices “to the point of death” in a dire market.

The four-star Apsara Angkor Resort announced it indefinitely suspended its operations starting this month, citing serious financial losses over the past two years amid a struggling industry, according to an undated statement obtained on Wednesday.

General manager Nuon Teviphea told VOD that nearly 200 employees would be affected by the closure of the hotel, which had been in operation for 18 years.

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