Cambodia’s healthy economic growth rates of the last decade have led to the rapid expansion of the urban middle class and the wealthy. These people want to stay cool in the country’s tropical heat, and they have the money to pay for it.
In addition, the growing numbers of tourists from cooler climes like Europe may be willing to sweat as they scramble around the temples of Angkor Wat, but they want plenty of refrigerated air back in their hotel rooms.
Demand for air conditioning units in Cambodia has shot up recently and is on an upward trajectory that appears to be here for the long haul.
“Cambodia’s economy is growing very fast and the demand of modern equipment, especially air conditioning, is growing along with it,” said Sok Pheng, chairman of IP Hybrid Air Con, a seller of air conditioners in Cambodia.
To be continued….
Source: Economics Today, Issue 112, March 19-25