Asia cruise industry forecast to surge as Chinese tourists set sail

    Published in: Latest IntelligenceAsia’s cruise industry is expected to treble in size by 2020, with an onboard gambling component seen as a crucial offering to attract Chinese tourists.However, the new generation of Asian gambling cruises are likely to have a much different image than the down in the mouth vessels that leave Hong Kong waters solely to circumvent a gambling ban at home, with global operators lining up to enter the market with their latest and most luxurious ships.The Asian Cruise Association estimates that the overall Asian market could expand from 1.3 million passengers in 2012 to 3.8 million in 2020, including 1.6 million from China. Between 2008 and 2013, capacity in the Asian cruise industry has increased 302 percent, according to a report from Credit Suisse. Peter Hötzinger, co-CEO and president, of Century Casinos said the number of Asians cruising today is similar to “the number of Americans cruising in...

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