Royal bucks China

Cruise Weekly - - News -

ROYAL Caribbean Cruises Chair­man and CEO Richard Fain said the cruise line con­tin­ues to show growth in China de­spite a slow­down of the coun­try’s econ­omy.

Speak­ing to CNBC late last week, Fain boasted Royal’s busi­ness in China was cur­rently “work­ing beau­ti­fully” dur­ing a sec­ond quar­ter pe­riod that in­cluded the coun­try’s low­est gross do­mes­tic prod­uct out­put in nearly 30 years.

“Even though the China econ­omy is ob­vi­ously fal­ter­ing, we’re not,” Fain de­clared.

“We’re hav­ing a record year there, it’s much bet­ter than last year and it con­tin­ues to im­prove,” he added.

Part of Royal Caribbean’s strong growth plan in­cludes the re­cent launch of Spec­trum of the Seas in Shang­hai this year ( CW 05 Jun 2019), which Fain said con­tin­ues to re­ceive strong de­mand from the Chi­nese mar­ket.

“We brought out more ca­pac­ity, we’re fill­ing the ex­tra ca­pac­ity and we’re fill­ing it all at bet­ter pric­ing - that feels pretty good to me,” he said.

Royal saw sales grow by 20% in Q2 to US$2.81 bil­lion.

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