Beijing hotel market post-Games

from today's HNN newswire (9/19):

What's next for Beijing?
19 September 2008 12:22 PM
By Damien Little
HNN Columnist

"For more than seven years, the 18 million or so residents of Beijing and most of the nation have been focusing on the Beijing 2008 Olympics.

And then on Monday 25 August, we woke up, and the Games were over." ...

"Although the Beijing hotel market had performed well during the Games, it perhaps fell short of Olympic expectations.

Certainly average room rates across the market were impressive, even higher than what many pundits had expected. However, occupancy performance was a little disappointing, particularly for the lower-star-rated hotels in the market." ...

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