As ships compete for cruisers in China prices are dropping. But as long as returns remain higher than the global average, expect operators to keep flooding the market.
Tianjin international cruise home port, the largest in Asia, is expected to receive 150 voyages in 2016, with new liners to be put on the market, the port said on Tuesday.
China Cruise and Yacht Industry Association estimates that a total of 613 cruises will sail from China this year, up 31.5%.
China’s first specialist vertical online platform for cruise services YLLY.com announced that it received an A Series financing from Sunflower Capital.
Carnival Corp is teaming up with two Chinese state-owned enterprises (SOEs) to set up a joint venture worth 2.6 billion pounds．
China’s cruise industry is booming and global cruise giants like Carnival Corp about upcoming strategic deployments in the China.
Carnival Corp will bring its Carnival and Aida lines to China in 2017, doubling the number of brands it offers in one of the world’s fastest-growing tourism markets.
Caissa Touristic Group, China’s leading outbound tourism service provider, and Geneva, Switzerland-based MSC Cruises have entered into a strategic partnership.
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