CHTA has released the results of the first annual Industry Performance and Outlook survey, indicating a cautious, but positive assessment as reported by the region’s hospitality and tourism industry stakeholders. Growth in occupancies and revenue stimulated job growth and increased capital expenditures by hoteliers throughout the region. The majority of respondents indicate a strong to moderate performance throughout 2015 with optimistic forecasts for 2016 despite prevalent concerns over profitability due to increased costs outpacing average daily rate (ADR) growth in a globally competitive industry.