The Wall Street Journal had an interestingarticle about the hotel business in Beijing.
“Many of Beijing’s newest hotel rooms are sitting empty following the government’s tightening of visa restrictions aspart of public-safety measures tied to the Olympics. Even during the Games, occupancy rates may not be as high asoriginally predicted. The tourism bureau says that more than three-quarters of Beijing’s five-star hotels are bookedfor 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.
