panaji hotel owners across the state are experiencing a horrid time running their business due to the governments decision to take the 500 and 1000 notes out of circulation there is a significant dip in the business as we are running out of the 100 notes there are difficulties in making daily purchases for the guest houses the foreign tourists are particularly finding it really difficult clifton afonso who runs a guesthouse in panaji said the issues were affirmed by president of the travel and tourism association of goa ttag savio messias who said that although they havent received any complaint officially they are looking into the situation there was an incident where the hotel staff had to pool in whatever money they had to continue the daily operations we are expecting a dip in the coming months which are pivotal for the tourist season messias shared stating that he expects that the lack of liquidity in the market would force people to postpone or cancel their plans the hotel industry in south goa is also painting a bleak picture where the owners have been working out ways to run the operations and keep the customers happy at the same time while some have started taking payments through neft some are giving credits to regular customers till date we are managing but if the situation does not improve in the next few days we will have to think about ways to keep our business running as well as our customers happy coowner of furtados hotelcumrestaurant pio furtado said