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

Once the Coronavirus pandemic is contained and the cruise industry recovers, the biggest potential market for cruise passenger growth is China, where the concept of cruising up until recently was almost unheard of.  Carnival, the world’s largest cruise company and the owner of the Princess, Holland America and Cunard lines has ships based in mainland China.  Cruise terminals have opened or are under construction in a number of coastal cities including Shanghai, Tianjin and Xiamen.  In November 2020, assembly work began on China’s first domestically built cruise ship, a joint venture between China State Shipbuilding Corporation and Carnival.  The new…

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