Royal Caribbean Cruises will base its newest ship in Shanghai, the latest move in a race to capture big tourism dollars flowing out of China.
The ship, Quantum of the Seas, will make its home in China in 2015, after spending its inaugural winter season sailing out of New York. The ship will ferry travelers from Shanghai to South Korea and Japan.
Royal Caribbean(RCL) already has two ships in Asia, sailing to destinations including Kuala Lumpur, Singapore, Tokyo and Hong Kong.
But the addition of Quantum of the Seas, which boasts 18 decks, 2,090 staterooms and a skydiving simulator, shows how seriously the company is taking Asia, and China in particular.
"Consumers in China have grown to expect the best the world has to offer," Royal Caribbean president Adam Goldstein said in a statement. "We are ready to accelerate the growth of this vital market."
Chinese citizens have gone from being an afterthought in terms of purchasing power to the world's top travel spenders in a matter of years.
In 2012, the most recent year for which data is available, Chinese spending on international tourism jumped 40% to $102 billion, according to the United Nations World Tourism Organization. By way of comparison, the United States and Germany tied with spending of $84 billion.