Beijing, April 08 (Asia Cruise News): China will become the Asia-Pacific region’s largest cruise market by 2020, the Chinese government has said.

Shanghai Cruise

According to a release by the Ministry of Transport, there will be 4.5m cruise travellers in China by the end of the decade, representing 33 percent annual growth from 2013.

Statistics from the China Cruise and Yacht Industry Association show people made 1.4m trips on cruise liners last year compared to around 10,000 in 2005.

Xu Xinjian, general manager of Yantai-based Bohai Ferry, which just acquired Costa Voyager to kick start its cruise business, said his ambition lays not just in the second-hand liner business. Bohai Ferry wants to build or buy five-star luxury ships and be China’s leading cruise operator.

Another domestic operator, HNA Tourism, saw the passenger load factor of its first domestic vessel, the Henna, rise to 75 percent this winter from 60 percent at the start of 2013.

“The company expects to enlarge our fleet by 12 to 13 liners in the next 10 years,” HNA said in a statement to China Daily.

News Source: Asia Cruise News

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