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Uzbekistan Leisure and Hospitality Building Industry Analysis
The leisure and hospitality building construction industry in Uzbekistan is currently experiencing a period of growth and development. The government has prioritized the development of the tourism sector as a key driver of economic growth, and as a result, there has been a significant increase in the number of new hotel and resort projects being built throughout the country.
One of the main factors driving this growth is the increasing number of international tourists visiting Uzbekistan. The country has a rich cultural heritage and a diverse range of attractions, including historical landmarks, natural landscapes, and traditional markets and bazaars. This has led to a growing demand for high-quality accommodation and facilities to cater to these visitors.
The government has also been investing heavily in infrastructure development, including the construction of new airports, railways, and roads, which has made it easier for tourists to travel around the country. This has further boosted the growth of the leisure and hospitality building construction industry.
In addition, there is a growing trend towards the development of eco-tourism and adventure tourism, which is attracting a new type of visitor to the country, looking for more authentic and sustainable travel experiences. This has led to an increase in the construction of smaller, locally-owned guesthouses and homestays, catering to this growing market.
Overall, the outlook for the leisure and hospitality building construction industry in Uzbekistan is positive, with a continued growth in the number of tourists visiting the country, and government support for the development of the tourism sector. It is expected that the industry will continue to expand in the coming years, providing opportunities for both domestic and foreign investors.
However, it is worth noting that the COVID-19 pandemic has affected this industry as many countries have halted travelling and the World Tourism Organization predicted that international tourist arrivals could decline between 20% and 30% in 2020. The industry players should be prepared for the potential downturn and be ready to adapt to the changing circumstances.
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