The global travel & tourism industry experienced a 41% rise in company filings mentions of corporate governance in Q1 2023 compared with the previous quarter, with the highest share accounted for by Las Vegas Sands with 4% year-on-year decrease, according to GlobalData’s analysis of over 125 travel & tourism company filings. Corporate governance is a growing trend that is affecting all industries, including the Travel & Tourism industry. GlobalData’s ESG (Environmental, Social, and Governance) in Travel and Tourism – Thematic Research report details the main trends, industry analysis, M&A activity and case studies in the market. Buy the report here.
Notably, corporate governance was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of Covid-19 and robotics, according to GlobalData.
Of the 50 leading companies in the travel & tourism industry, Las Vegas Sands had the greatest increase in references for corporate governance in Q1 2023, compared with the previous quarter. GlobalData identified 182 corporate governance-related sentences in the company's filings, an increase of 5900% in Q1 2023 compared with Q4 2022. Walt Disney’s mentions of corporate governance rose by 700% to 61 and Hyatt Hotels’s by 1400% to 31 and Southwest Airlines’s by 1300% to 28 and Uber Technologies’s by 100% to 25.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for corporate governance in Q1 2023 was 96.
To further understand GlobalData's analysis on ESG (Environmental, Social, and Governance) in Travel and Tourism - Thematic Research, buy the report here.