Hotel room rates in Beijing are being dramatically slashed ahead of the forthcoming Olympics, starting on 8 August, as room occupancy rates are falling.
The fall in occupancy rates is as a result of increased security and worries amongst prospective visitors about air pollution and terrorism.
Two to four star hotels have reportedly reduced prices by between 10%-20%, compared to May and June. Some have even cut rates by up to 30%.
The Beijing Tourism Authority reports that in June the number of visitors to Beijing, including overseas and domestic, was down by 19.9% compared with the previous year earlier.
The average room prices in some three-star hotels are down to 400 yuan ($60) per night from 700 yuan ($100) in previous months. Four star hotels have dropped to about 800 yuan ($117) a night, from 1,500 yuan ($220).
Beijing initially expected around 500,000 foreign guests for the Olympics. However, that estimate has now been reduced.
It seems that bargains, if some tough negotiations are conducted, can be had.
Don't forget to visit www.theolympicswarehouse.com
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