The Olympic Games could be worth as much as $400 million in tourism revenue to Beijing.
Xiong Yumei, deputy director of the Beijing tourism administration, said, ‘We expect to receive about 400,000-450,000 overseas tourists during the Olympics. Based on last year’s figures, each is expected to spend $1,005, so the total should be about $400 million.’
She said that by the end of May, five-star hotels in the city had an average reservation rate of about 78%, with the rate for four-star hotels at 45%.
Beijing has 5,790 registered boarding facilities, including 816 star-ranked hotels with a total of 339,000 rooms and 665,000 beds. Of those, 119 have contracts with Olympic authorities to provide accommodation for accredited visitors. It is not expected that the visitor in our illustration will be directly contributing.
Source: China Daily
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