Chennai: The ongoing general strike to press for a separate Telangana in Andhra Pradesh has affected the hotel industry in the state, a top official of an industry association said on Saturday.
"The business has come down substantially... Right now the occupancy rate has come down by 22 to 30 per cent and revenue from restaurant business has slumped by 40 per cent," Andhra Pradesh Hotels Association President GV Krishnaiah said in Chennai.
He was speaking to reporters after attending the 60th Annual General Meeting of South India Hotels and Restaurants Association (SIHRA).
Krishnaiah, also the SIHRA Vice-President, attributed terror attacks to dull hotel business saying inflow of tourists into the country had come down....more
06:38 PM, Sep 24, 2011
New Delhi: Andhra Pradesh is on the verge of an economic crisis as the Telangana stir enters day 10 with power cuts, crippled courts and road transport affected across Telangana regions. Government employees have paralysed the region's state administration. In Hyderabad, courts and civic services have been partially shut. Power Cuts and bus strikes have brought life to a virtual standstill. Members of the Telangana Congress Steering Committee met Andhra...
08:18 AM, Sep 23, 2011