| JS, I talked with a friend last night whose brother and cusins live in Beijing. She says priced of hotels are so ridiculously priced, and security is extremely high with many restrictions. Many people who were planning to go to Beijing during the Olympic Games have decided not to go. Her brother told her many businesses have spent a lot of money expecting to do great business with all the visitors they thought would be going to Beijing. Now that visitors would number much fewer and these businesses are going to lose money big times. Originally, her family was going to go to Beijing too, but when she found out the 2-3 star hotels are charging 1,500 Yuan per night. A short family vacation of a week will cost them more than 20,000 Yuan with room/borad/transportation. Therefore, she and her husband chickened out and decide to watch the games from their home instead. Personally, I think the 5-star hotels which had reservations from foreign groups will still do well, but the 2-3 star hotels will be disappointed when their false hopes failed, and may drastically reduced their room rates. Time will tell how this whole Olympics pens out. |
Beijing Apartment for Olympic