With demand finally outpacing supply, the Indian hospitality industry is on an upswing. The 'India Hospitality Industry Review 2018' report by HVS ANAROCK predicts RevPAR to grow by 9.5 per cent in 2019.
ICRA has given a stable outlook for the construction sector, in its year end assessment of the sector. The order inflow for construction sector has been robust over the last few years, supported largely by increased government spending towards infrastructure.
According to rating firm ICRA outlook for the road sector, while the engineering, procurement and construction (EPC) project executions may witness a temporary slowdown during the general elections; the build-operate-transfer (BOT) and hybrid annuity model (HAM) projects executions are expected to continue unabated.
As reported, the construction work on Jewar Airport in Greater Noida will commence in December. This is prior to the plan of the Uttar Pradesh Government and also well ahead of the 2019 Lok Sabha elections.