Local media reports Jinjiang Inns in Beijing has set prices from RMB399 (US$54) to RMB699 per night during the Olympics. The hotel reportedly has already begun to accept bookings and the first reservation period will expire December 31.
Home Inns has reportedly signed a contract with China Travel Service Head Office about guestrooms reservations for the Olympics. They have already started their room bookings and launched some rooms priced at more than RMB1,000 per night.
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