The difference is its partnership with Chinese travel company Ctrip International, China’s largest seller of cruises, with 10% of the market.
Ctrip is also a cruiseship owner in its own right after buying Royal Caribbean’s 71,545-gt Celebrity Century (built 1995), and Farley sees the Chinese company as a potential buyer of more of the second largest cruiseship operator’s fleet.
“We don’t believe that a cruise brand would have the strategy of having just one ship in its fleet, so we see more opportunity for ships to be sold to Ctrip,” she said in a note to clients.
But
