Cruises set to sail strongly
By Ding Yining |
June 26, 2010, Saturday
|
Print Edition
Print Edition
China's cruise industry is expected to ride the strong waves in coming years due to a booming economy and growing market acceptance of cruising by consumers, government officials and industry insiders said.
"The market value of the cruise industry will see double-digit growth in the next few years with huge potential in the market and a booming domestic economy," said Lu Haihu, chairman of Shanghai International Port Group.
SIPG now operates two cruise terminals -- Shanghai Port International Cruise Terminal in Hongkou District and Wusong International Cruise Ship Terminal in Baoshan District -- and also cooperates with several overseas cruise companies.
The local tourism authority estimated that 232 passenger liners, an 87 percent rise from last year, carrying a record 250,000 tourists will visit the city this year.
"We will continue efforts to upgrade the service sector related to the cruise industry as it is a key part for Shanghai to become an international shipping hub by 2020," Lu said at the All Asia Cruise Convention 2010.
"We welcome more overseas cruise companies to expand their business in China," he added.
Travelers departing from China's ports on international cruises totaled 380,000 last year, compared with fewer than 10,000 in 2005.
"China has a potential of around 40 million cruise guests annually if the market penetration reached the level of US and Europe," said Michael Bayley, senior vice president of Royal Caribbean Cruises Ltd.
"The market value of the cruise industry will see double-digit growth in the next few years with huge potential in the market and a booming domestic economy," said Lu Haihu, chairman of Shanghai International Port Group.
SIPG now operates two cruise terminals -- Shanghai Port International Cruise Terminal in Hongkou District and Wusong International Cruise Ship Terminal in Baoshan District -- and also cooperates with several overseas cruise companies.
The local tourism authority estimated that 232 passenger liners, an 87 percent rise from last year, carrying a record 250,000 tourists will visit the city this year.
"We will continue efforts to upgrade the service sector related to the cruise industry as it is a key part for Shanghai to become an international shipping hub by 2020," Lu said at the All Asia Cruise Convention 2010.
"We welcome more overseas cruise companies to expand their business in China," he added.
Travelers departing from China's ports on international cruises totaled 380,000 last year, compared with fewer than 10,000 in 2005.
"China has a potential of around 40 million cruise guests annually if the market penetration reached the level of US and Europe," said Michael Bayley, senior vice president of Royal Caribbean Cruises Ltd.
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