Domestic rating agency Icra has a stable outlook for the sector in the long-term outlook, given the swift rebound in occupancy as well as structural factors. It expects occupancy to bounce back to 60 per cent in 2021-22 from around 50 per cent in 2020-21, helping push revenue growth to around 20 per cent in 2021-22 as against an estimated 19 per cent contraction in 2020-21.
