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Research on the Developments in China’s Cruise Industry in 2018–2019: The Development of Whole Industry Chain of the Cruise Economy Has Substantially Taken Off

  • Hong WangEmail author
  • Ping Su
  • Xinliang Ye
  • Junqing Mei
Chapter
  • 19 Downloads

Abstract

The cruise industry has entered the second decade of development in China, with both opportunities and challenges coexisted. Under the new round of reform and opening up, China’s cruise economy has entered a critical period of transition from “high-speed growth” to “high-quality and high-grade development.”In 2019, China’s cruise market experienced a volatile adjustment, with decreased supply. However, the improvement of “quality” continued. New cruise ships such as the “Spectrum of the Seas” of Royal Caribbean International and “Costa Venezia” will enter the Chinese market this year, followed by larger, newer cruise ships, which will provide a valuable time window for promoting functional construction and system improvement. At the same time, the effort of domestic-made large cruises was officially launched, the local cruise fleet was gradually organized, the supporting industrial clusters for cruise business were gradually formed, the cruise port reception level continued to improve, and the cruise policy environment continued to be optimized, marking China’s cruise tourism has entered the key year for developing the whole industry chain of cruise economy. As the cruise market reaches a certain scale, the demand for relevant industrial factors gradually emerges, which has laid down the basis for the transformation of cruise economy. In November 2018, CSSC, Carnival Corporation & PLC and Fincantieri S.p.A. officially signed a construction contract for 2 + 4135,000-tonVista-class large cruise ships at the first China International Import Expo, marking the official implementation of design and construction of China’s first large cruise ship and relevant supporting industrial clusters, with the industrial scale expected to reach tens of billions of yuan and even hundreds of billions of yuan. According to the estimate of the international cruise industry authority, Chinawill need 80–100 cruise ships by 2030. Calculated based on the cost of CNY 5 billion per cruise ship, the market size will be about CNY 300–400 billion.

Keywords

Cruise tourism Cruise economy Whole industry chain Supporting industry 

References

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Copyright information

© Social Sciences Academic Press 2020

Authors and Affiliations

  1. 1.CPC Baoshan District CommitteeShanghaiChina
  2. 2.Standing Committee of CPC Baoshan District CommitteeShanghaiChina
  3. 3.Shanghai University of Engineering ScienceShanghaiChina
  4. 4.Shanghai Wusongkou Development Co., Ltd.ShanghaiChina

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