The Wall Street Journal had an interesting article about the hotel business in Beijing.
"Many of Beijing's newest hotel rooms are sitting empty following the
government's tightening of visa restrictions as part of public-safety
measures tied to the Olympics. Even during the Games, occupancy rates
may not be as high as originally predicted. The tourism bureau says
that more than three-quarters of Beijing's five-star hotels are booked
for the Olympics, but at four stars, less than half the rooms are
reserved."
I suspect that the WSJ is right about Beijing but room occupancy and revenues around the rest of China looks extremely strong to me.
