SrinagarTourism sector in Kashmir is going through its worst crisis in over two decades, with many hotels closing down, staff being laid off and players in the industry looking for alternative businesses or even job opportunities.
Tourism, considered as the most visible asset of Jammu and Kashmirs economy, has been pushed to a cold dark corner, where things are going from bad to worse as the situation in the valley remains tense. Even with hotels offering discounts as high as 70%, occupancy rates are less than 5% at a time when the tourist season is in its fag end. In houseboats on Dal Lake, Nigeen Lake and river Jehlum, it is as low as 1-2%.
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