RAJ REPORT

5MILLION Chinese Cruise Ship passengers by 2020 WHICH CAIRNS WILL MISS without dredging the Port—–Carnival Bets on Emerging Cruise Market in China – WSJ

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In 2011, just 87,000 Chinese passengers took cruises, Carnival says, forecasting the industry will serve a million passengers this year. Mr. Buckelew says he expects the Chinese market to reach as many as five million passengers by 2020, and match the U.S. market in 10 years.

“We are looking at double-digit growth in China—20%, 30% annually—over the next few years while overall growth [in the industry] is around 3% and 4%,” he said.

 

 

 

Carnival Bets on Emerging Cruise Market in China – WSJ.

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