Asia Growth Moderately Tapers Until 2020

The surging Asia/Pacific cruise market, including Australia, will grow by 22.6 percent in capacity in 2017, according to the 2017-2018 Cruise Industry News Annual Report.

That growth is down from 45 percent in 2016, and will taper off in 2018, down to 9.4 percent and 2019, where the market is projected to grow just under 3 percent, according to known ship deliveries and announced deployment.

In 2020, with a new set of ships coming online from Costa Cruises and then Star Cruises, the growth needle will once again jump – 10 percent in 2020 and 11.6 percent in 2021, followed by continued growth with expected domestic newbuilds from Carnival Corporation in partnership with China State Shipbuilding Corporation.

In Australia, the Carnival Splendor will transfer to P&O Australia, boosting capacity down under.

About the Annual Report:

The Cruise Industry News Annual Report is the only book of its kind, presenting the worldwide cruise industry through 2027 in 400 pages.

Statistics are independently researched. See a preview of last year’s edition by clicking here.

The report covers everything from new ships on order to supply-and-demand scenarios from 1987 through 2027+. 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.

Order the 2017-2018 edition today.


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