Page 2 - China Market Report
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TABLE OFCCHIONANTENTS

                                                                     6 Chinese Market Timeline

          Positive Signs for 2021                                    10
                                                                     12
                                                                     14         2021 Preview

        Quoted                                                       16

        New Ships                                                          18

9.4% 1Sh8ips             4Be0rt,h4s12                                                              Key Brand Overview

        Growth Overview                                                   20

         Operator                                                    Pass2e2ngers

         Costa:Capacity                                              2,224,058

        Breakdown                                                         26 Market Capacity

                                                                          42

                                                                     542020     2015-2027 Market Overview
                  Costa Atlantica: 2,100:                                       Costa: Driving Demand in 2021
                  Costa Serena: 3,000:                                10,500
       2020 RC(3eoasshtlaiipzVsee/n9de,3zCi3a2:a4bp,2ea3rct2h:ist)y   15,000

       Royal                                                          5261,160
   Caribbean:
                                                                     46,660
       ‘Dawn
Before Sunrise’                                                      60

4	 Cruise Industry News: 2021 China Market Report
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