Siem Reap is one of the global destinations highlighted among TIME Magazine’s compilation of the World’s 100 Greatest Places of 2021, a selection formed as tribute to the people and businesses at the forefront of adapting to the impacts of the pandemic.
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Covid-19 struck a blow on travel and tourism industries worldwide, and Cambodia’s tourist capital was no exception. The situation has sparked shifts in the Kingdom’s economy as a whole, with a recorded 80.3 percent drop in international tourists nationwide.
In Siem Reap, there were just 45,000 tourists for the whole of 2020—a stark contrast to the 370,000 recorded during 2019’s Khmer New Year period alone.
Nevertheless, the local business community has been a picture of resilience sustained through trying times.
Prior to the pandemic, Siem Reap was a diverse venue of bustling city life, wellness activities, and historical adventure tourism at the renowned Angkor Archaeological Park. While most of these were put at a standstill, the country has been making the most of downtime by improving infrastructure and boosting the domestic economy.
With TIME’s list made to spotlight “ingenuity, creativity, revitalization and reopening in destinations across the world,” the ongoing and future strategies set for tourism relaunch prove that as a dynamic destination – whether for business, tourism, or family settlement – Siem Reap is a destination deserving of being hailed one of the greatest.
Other Asia destinations on the list were economic tiger Singapore; the Philippines’ Siargao Island; Jaipur, India’s “Pink City;” Japan’s seafood hotspot, Hokkaido; the ancient Lijiang, China; Maldives, the coral archipelago; and glamorous Dubai (United Arab Emirates).
Phnom Penh’s most prestigious residential district is set to welcome another standout development with the introduction of Le Condé 2, a 60-storey luxury condominium poised to enhance the skyline of BKK1 (Boeung Keng Kang 1). Following the successful delivery of Le Condé 1 (Le Condé BKK1), this highly anticipated project continues the developer’s vision of refined urban living, offering a premium lifestyle combined with strong long-term investment appeal in the city’s most sought-after location.
The Ministry of Economy and Finance (MEF) recently issued a new notification (dated January 16, 2026) regarding the extension of tax incentives for the real estate sector. Following the recommendations of Prime Minister Hun Manet, this move is designed to alleviate the financial burden on citizens and stimulate growth within the property market through the end of 2026.
BKK1 remains the undisputed “Crown Jewel” of Phnom Penh. While it has long been known as the primary expat enclave, in 2026 it has evolved into a sophisticated urban center that blends high-end residential living with a world-class commercial and culinary scene…