Royal Caribbean Cruises chief executive Richard Fain remained unflappable in his optimism about China even as the company revealed a softening in the emerging market that was caused by new capacity.
The head of the world’s second largest cruiseship owner told analysts this week that China’s growth as the world’s hottest cruise market has many parallels to the early development of the now-mature West, where there were also temporary dips at times when capacity growth outpaced demand increases.
But
