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Ctrip (yes, Ctrip) buying cruise ship from Royal Caribbean

  • Chinese online travel giant Ctrip (NASDAQ:CTRP) is buying Celebrity Century, an 1,814-passenger cruise ship, from Royal Caribbean (NYSE:RCL). Terms are undisclosed.
  • Royal Caribbean describes Celebrity Century as having "old world elegance combined with modern luxury." Ctrip plans to renovate the ship, which was originally launched in 1995, to "provide an outstanding cruise experience to China's leisure travelers."
  • Ctrip mentions it's already China's largest cruise agency (10%+ share), and has sent 120K+ travelers on cruises to date. The company plans to form a JV with Royal Caribbean to "manage the operations of the acquired cruise ship and potentially broaden the relationship."
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