City hotels experience five to 40 per cent shrinkage in revenue during the bandh yesterday.
City hotels experience five to 40 per cent shrinkage in revenue during the bandh yesterday.
Bharat bandh hit the corporate world in general, and the IT-BPO and hospitality sectors in particular, really hard. Experts pegging the estimated loss of revenue in Bangalore at Rs 1,000 crore.
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The saving grace for BPOs handling US processes was that yesterday being American Independence Day was a holiday anyway.
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IT majors Infosys and Wipro, on the other hand, remained closed. TCS, anticipating the bandh, had booked hotel rooms for staff critical to the company's functioning on Sunday night.
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"As a precaution, we declared Monday an off day for our employees at the Bangalore campus. They will compensate for the loss of hours by working on Saturday," said Krish Gopalakrishnan, Infosys chief executive, in a statement.
Arun Venkatesha, the concierge of the Chancery Hotel on Lavelle Road, said, "Many reservations for the day were cancelled. We lost 20 to 25 per cent of our business due to the bandh."
A Taj Residency employee, who did not want to be named, said, "We are usually completely booked on Mondays.
However, yesterday, on account of the bandh, we lost about 10 per cent of our revenue. Several bookings from major software companies got cancelled because guests couldn't make it."
Rehan Rizvi, the concierge of Taj West End in Race Course Road said, "Several clients rescheduled because they couldn't make it. While we have lost about five per cent in revenues, we expect to recoup the loss in the days to come."
Mudasir Ali, the duty officer at The Monarch Hotel situated in Brigade Road, said, "Guests from Delhi and Mumbai changed their plans and stayed back because of the bandh. We lost around 40 per cent to cancellations and rescheduling of bookings yesterday."
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