Heightened visa restrictions in China have shrunk tourism ahead of the Beijing Olympics, the New York Times reports. Numbers of foreign visitors to Beijing fell 14% last month when government officials tightened the rules to bolster security.
“Business is so bleak,” said one hotel worker. “Our occupancy rate has dropped by 40%." Beijing had expected the Olympics to bring in $4.5 billion, but now that’s looking like wishful thinking, economists say.