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Old May 30, 2021 | 9:27 am
  #370  
moondog
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Originally Posted by GloballyServiced
I would actually bet money that the tourism industry in China is doing better with borders closed than open. The others, besides Singapore, will open up eventually after a long and economically damning political process.
My data set is limited because I only know about the Portman and the JA Shangri-la. Both are at 90% occupancy after dropping their rates by 10% since COVID came to town. The thing is, Goldman Sachs guys can't expense $2000 dinners unless they are closing a deal, but tourists don't face any restrictions of this sort, and American tourists tend to stick to budgets. If we have less of them and more Asians/Chinese, Shanghai makes out well.
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