The Chinese government has severely limited the issuance of tourist and business visas to protect the Olympics from
terrorists.
As a result, the hotel business is pretty
weak in Beijing.
“Business is so bleak,” said Di Jian, the sales manager at the Capital Hotel in Beijing. “Since May, very few
foreigners have checked in. Our occupancy rate has dropped by 40 percent.”
And hotels are required to give detailed information about their foreign guests to the Chinese government. China is a fantastic country but it is still very much controlled
by the Communist Party.
This may not be the time to invest in Chinese hotel companies, like Home Inns.
