Patiala: Once counted as the most flourishing business of royal city, hotel and dhaba business has faced the maximum brunt of demonitisation.
Impact as has been such that 80 per cent of the business has vanished within two weeks of PM Modi declaring currency notes of Rs 500 and Rs 1000 void.
Their condition has turned from bad to worse with suppliers not accepting cheques to supply goods and vegetables.
Hoteliers said that despite the marriage season they have lesser occupancy and no fresh booking has been made due to shortage of new currency.
On the other hand dhaba’s have also suffered a major blow as people especially the youth have stopped coming all of a sudden. The owner of Shettal dhaba and restaurant said that after Demonetisation food business received a severe jolt and clientele has gone down by 50 per cent.
Similarly owner of Nagpal Dhaba here on lower mall admitted that demonetisation has badly affected the business.
On the other hand owner of Jaggi Sweets, Jagtar Singh said that his business faced a loss of around 45 per cent and losses are going up. Singh in order to serve his customers has introduced swipe machine at his shop.
The owner of Dhillon Hotel and president of the association of Hotel owners here, Gurmukh Singh Dhillon commented their business has seen 80 percent downfall and people have started to organize “ Chuni Chadah ke” ritual in marriages.
Whereas the owner of the Kaka Hotel Gurpal Singh came forward with another fact that grocery shops and vegetable suppliers have stopped supplying raw material to them in absence of new currency.
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