In the years leading up to 2008, there were lots of hopes, hypes & expectations about what business the Olympic Games may bring to Beijing and China in general.
One of the highest expectations had to be in the hotel industry. I was told that there were 800,000 rooms in Beijing competing for the Olympic business.
But with the chaos caused by the pro-Tibet independent groups during the torch relay, the mainland authority substantially tightened the visa policy thus the number of overseas visitors was much lower than hoped.
The terror attacks in Xinjiang didn't help either, and may have caused lower than expected domestic visitors.
However, none of this mattered to the higher end hotels.
A friend of mine who works in Beijing and lives in the Grant Hyatt serviced apartment told me that Grant Hyatt was all sold out at more than 10 times the normal rate, and you cannot book the room for a few nights - you have to book for the whole 16-day Olympics period. With conditions like these, I imagine most bookings are made by companies entertaining their customers or executives.
Our hotel was the News Plaza Hotel, in the same building where Beijing Daily is located. All the rooms in this hotel were fully booked by 3 groups - my friend's company, UPS & the Beijing government.
The hotel is in a very nice location, across the street from Oriental Plaza, and very near Wang Fu Jing. The rooms are very spacious, but the carpets are stained in both rooms.