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).  Cruise Industry News forecasted the Chinese cruise market will rise to 4.5 million passengers by 2022.  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 Line launched…

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