Asia Cruise Fund to Develop the Asian Market

Asia Cruise Fund
Asia Cruise Fund

“Asia Cruise Fund” was announced at Cruise Shipping Miami by Philip Yung, Commissioner for Tourism of the Hong Kong Special Administrative Region (SAR) Government, Anthony Lau, Executive Director of the Hong Kong Tourism Board (HKTB), and Dr. Wayne Liu, Deputy Director-General of the Taiwan Tourism Bureau (TTB).

Initiated by the HKTB and the TTB, the regional co-operation fund underlines the commitment of Asian ports to jointly develop cruise tourism.

The fund, which will take effect on April 1st and run for three years, will be made up of contributions from participating ports and used to subsidize cruise companies to develop and market their cruise products.

A major requirement is that cruise lines must deploy vessels to at least two participating ports or territories in a single itinerary.

According to Hong Kong Tourism Board, Asia holds huge potential for the cruise industry. By 2030, around two-thirds of the world’s middle-class population will be based in Asia, according to a recent report by the United Nations Development Program.

This shift in population dynamics will present cruise companies with new opportunities, as the growing Asian middle class seeks out new ways to spend its leisure time.

In view of this trend, Asian ports have been working together to promote and develop the region’s cruise tourism and to encourage international cruise lines to explore the rapidly expanding market.

In the picture above: From left to right: Anthony Lau, Executive Director of Hong Kong Tourism Board; Wayne Hsi-Lin Liu, Deputy Director-General of the Taiwan Tourism Bureau; Philip Yung, Commissioner for Tourism of the Hong Kong Special Administrative Region Government; and Thomas Chang, Director, U.S., Taiwan Tourism Bureau toasts the launch of the Asia Cruise Fund at the 2014 Cruise Shipping Miami on March 11th, 2014.

Support Independent Fearless Journalism

In today's media world controlled by corporates and politicians, it is extremely difficult for independent editorial voices to survive. RMN News Service has been maintaining editorial freedom and offering objective content for the past over 7 years despite enormous pressures.

In order to serve you fearlessly in this cut-throat world, RMN News Service urges you to support us financially with your donations. You can choose the amount that you want to donate from the options given below. 

You also can select any of the Payment Methods:

Offline Donation: To know our bank details for online bank transfer and payment by cheque in Indian rupees.

PayPal: To make payment by Credit / Debit Card or PayPal account.

$
Select Payment Method
Personal Info

Donation Total: $10.00

RMN News

Rakesh Raman