World | 2008 Beijing Olympics Tough Visa Rules Threaten to Slash Olympic Tourism Visitors vanish as China boosts security By Matt Cantor Posted Jun 24, 2008 6:31 AM CDT Copied Liu Xiang of China clears a hurdle in the Good Luck Beijing 2008 China Athletics Open at the National Stadium, Saturday, May 24, 2008, in Beijing. The competition is a test event for the Olympics. (AP Photo/Robert F. Bukaty) 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. Read These Next Colbert tells audience it's curtains for his Late Show. This is why you don't wear metal in MRI rooms. Senate claws back aid to public broadcasting. A lost mom and son used handwritten notes to get rescued. Report an error