Olympic impact on hotel revPAR

from today's Hotels enews (8/21):

Beijing hotels perform well since Olympic opening: survey
Xinhua Economic News Service, August 20, 2008 Wednesday 11:10 PM EST

"Beijing hotels have performed well and reaped strong profit since the Olympic Games opened on Aug. 8, according to global business advisory firm Deloitte.

The auditing giant's review showed on the Games opening night revenue per available room (revPAR) in the Chinese capital's hotels increased 546 percent to 390 U.S. dollars from the same period a year previously.

In addition, occupancy reached 86.3 percent while average room rates increased 421 percent to 451 U.S. dollars (up 364 U.S. dollars from the average of 87 U.S. dollars on the same day in 2007)." ...

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