Cruise capacity in the Chinese market is set to grow by more than 220 percent over the next five years, from 1.3 million passengers in 2015 to 4.1 million passengers by 2020, according to the 2016-2017 Cruise Industry News Annual Report.
The growth pace is based on known newbuildings going to China and known ship transfers from the North American and European markets.
On an annualized basis, the growth pace will be 75 percent this year, 26 percent in 2017, 20 percent in 2018, 9.7 percent in 2019 and 10.0 percent in 2020.
About the Annual Report:
The Cruise Industry News Annual Report is the only book of its kind, presenting the worldwide cruise industry through 2025 in 350+ pages. Statistics are independently researched. Learn more by clicking here.
The report covers everything from new ships on order to supply-and-demand scenarios from 1987 through 2021+. Plus there is a future outlook, complete growth projections for each cruise line, regional market reports, and detailed ship deployment by region and market, covering all the cruise lines.