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Beijing hotels slash rates as expected Olympic demand falters
Tue Jul 22, 12:07 PM ET
Fan Runjun, an employee of the press department of popular travel Web site Ctrip.com, said Tuesday many two to four-star hotels have cut their rates by 10 percent to 20 percent compared to May and June.
She said some have cut rates by up to 30 percent.
The Web site's English site deals with around 500 hotels.
China has ratcheted up security for games, which has included tighter visa rules for foreign travelers, even if they hold Olympics tickets.
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