Green hotels and resorts are the hospitality structures that help in sustainable business practices, trying to reduce their environmental impacts on nature.
Green hotels and resorts are a hit choice worldwide, as people have realised the impact of chemicals and other harmful substances on nature and are swiftly switching to sustainable practises, green hotels and resorts being one of the contributors. The Cambodian government is looking to develop green resorts and hotels to reduce waste, create a better and more sustainable life for citizens, and entice additional visitors.
The sustainability project by the Cambodian government is in its initial phases but has already attracted the attention of mass foreign and local investors. These help reduce waste and provide cost-cutting deals to the owners.
Since green properties are limited in Cambodia, investing in these structures in 2023 might help owners unlock the best beneficial deals. If you plan to invest in Cambodia’s Green Hotels and Resorts, IPS Cambodia- the rewarded local real estate agency, can help you with lucrative deals and benefits.
However, if you have just considered this option and looking for a step-wise guide to help you invest in Cambodia’s Green Hotels and Resorts, this blog has got you covered.
Overview Green Tourism In Cambodia
Although embracing green business offers sustainability, adapting its practices requires time, money, and staff training to employ eco-friendly practices. The green practices necessitate reducing plastic products and focusing on recycled products, such as bottles, furniture, decorations in toilets, rooms, etc. and must use bamboo materials.
Cambodian green settings are developing and becoming popular since the sustainable settings offer home-grown items to the marketplace and boost eco-tourism. In 2022, the World Bank (WB) reported that green tourism means expanding choices for visitors and developing the location.
Green tourism will boost the living livelihood of native communities and assist the real estate sector in preserving the hospitality industry.
Benefits Of Investing In Cambodia’s Green Hotels And Resorts
The green practices spread the word about green practices, making the businesses learn about the benefits of utilising green waste and turning their businesses green.
Certification
Although the green practices standard improves energy conservation and spreads awareness for eco-friendly practices, it also aims to develop certification procedures with ASEAN Green Hotel Standards or the Association of South-East Asian Nations. It involves 11 norms, such as the following:
- Green chemical and toxic substance disposal management
- Controlling noise pollution
- Managing outdoor and indoor air quality
- Water and energy efficiency
- Collaborating with local community institutions
- Using green products
- Including green activities and policies for hotels and resorts operations
Voluntary Standards
Although standards are voluntary and not compulsory for hotels and resorts, practising them may boost business. Also, there are no regulations and laws to implement green practices for investors or owners. Therefore, investing in green properties is easier.
Factors To Consider When Investing In Cambodia’s Green Hotels And Resorts
With Cambodia’s rapid growth in tourism (2.2 million international visitors in 2022), the demand for sustainable or green practices also increased. Eco-friendly resorts and hotels are also increasingly notable since tourists are conscious of the environment and green practices. A few factors to consider while investing in Cambodia’s green resorts and hotels are the following:
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Location Of The Property
Resort or hotel location is crucial since accessibility and availability of the transport choices for the visitors are crucial. Therefore, choosing a hospitality location with reduced environmental impact and easy accessibility is crucial.
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Reputation Of The Property
It would help if you researched the reputation of the resort or hotel among the guests and in the industry. You can search for the experiences and feedback from previous visitors and check if the guests’ opinions are favourable and if people had a positive experience. Considering the business’s response to the negative reviews will help you determine how the resort or hotel handles the situation.
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Price Of The Property
The cost of investing in a hotel or resort is crucial to consider since managing such settings require additional cost. Assessing the potential return by implementing green practices and weighing the price of future profit may help you know the benefits of investing in green hotels and resorts.
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Required Standards And Certifications
You must check if there are any requirements or compulsory standards and certifications, such as the Leadership in Environment Design (LEED) or Global Sustainable Tourism Council certification. Checking the property certification will help you discover if the resort or hotels follow the standards mandated by the tourism sector.
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Maintaining Sustainability
Choosing a property that follows sustainable practices and prioritising or implementing them will help you manage the hotel or resort and continue the practices.
Conclusion
Investing in green tourism or hotels and resorts in Cambodia supports sustainability. Some green practices include reducing waste, reducing energy and water usage, using renewable energy sources, improving air quality, using green products, etc.
IPS Cambodia, the award-winning real estate agency in Cambodia, helps people generate a return on investing in Cambodia’s green hotels and resorts. Also, they assist in carefully considering a few factors, including the cost, reputation, certification, sustainability, and location of the resort and hotel. You can then make smart decisions about your investment in green resorts and hotels.
Connect with Cambodia’s local real estate agent now to learn more about Green hotels and resorts in Cambodia.
