Anchored by the number one ranked team in the world, the United States of America, the six-team international tournament is sure to provide a glimpse of the fast approaching 2008 Summer Olympics in Beijing, China.
 
Alongside the USA will be second ranked Australia who Team USA defeated in March in Melbourne, Australia to claim the 2007 World Championship. Joining that duo will be third-ranked Russia, fifth-ranked Italy, sixth-ranked Canada, and ninth-ranked Netherlands who along with USA have already clinched a berth for the Olympic Games. For the remaining teams this edition of the Holiday Cup will serve as an integral part of the journey to qualify for Beijing.
 
The schedule of competition will see each team play each other in a round-robin type format with points accumulated to decide who will meet on the closing day of the event to determine a champion.

Team USA has taken the Holiday Cup title on the last six occasions dating back to 2000 when the event served as an appetiser for the first ever inclusion of women’s water polo in the Olympic Games.