Hotels slash prices as Beijing tourist numbers drop
Written by Tim on August 17, 2008 – 4:34 am
BEIJING (Reuters) - Hotels in Beijing are slashing room prices for the Olympics by as much as half because reservations have fallen well short of expectations.
Hoteliers had hoped for a bonanza from the Games, which open on Friday, but have been disappointed by low visitor numbers, as people have shied away because of visa restrictions [...]