From Xinhua via China Daiy (link):
“The planned 110 hotels will range from one star to five stars, with a majority of them targeting high-end guests,” Du Jiang, director of Beijing Tourism Bureau, said at a seminar on economy hotels on Friday.
Although there is a great demand for economy hotels in Beijing, the trend is to develop high-end hotels, Du acknowledged.
See also People’s Daily’s “Beijing hotel prices to rise 6 percent before Olympic Games in 2008” (link):
Guests at Beijing’s top hotels will soon pay more for their rooms as the city’s hotel prices catch up with their counterparts in New York, London and Tokyo.
Guest room prices in Beijing will continue to rise 6 percent each year until the 2008 Beijing Olympic Games, reported the local newspaper Beijing Daily on Wednesday. According to the article, price guidelines will soon be announced by the municipal tourism bureau and the city’s Reform and Development Committee.