Chinese Tourism Creates Growth Opportunities for the Cruise and Hotel Industries, Business and Industry Trends Analysis

The biggest potential market for cruise passenger growth is China, where the concept of cruising up until recently was almost unheard of.  As the Chinese middle class rapidly develops, the Asia Cruise Association expects Asian demand to triple from 2013 to 2020, reaching 3.8 million annual cruisers (1.6 million of them from China).  The Cruise Lines International Association reported that Chinese cruise passengers more than doubled from 2015-2016, reaching 2.1 million.  Carnival, the world’s largest cruise company and the owner of the Princess, Holland America and Cunard lines had four ships based in mainland China, starting in 2015.  Norwegian Cruise…

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