The global travel & tourism industry experienced a 97% rise in company filings mentions of environmental sustainability in Q1 2023 compared with the previous quarter, with the highest share accounted for by Las Vegas Sands with 703% year-on-year increase, according to GlobalData’s analysis of over 167 travel & tourism company filings. GlobalData’s Environmental Trends in Travel and Tourism – Thematic Intelligence report helps understand the impact of environmental pressures in construction, most pressing environmental themes, commitment details of the leading companies, and environmental discussions. Buy the report here.
Notably, environmental sustainability was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of governance and Covid-19, according to GlobalData.
Of the top leading companies in the travel & tourism industry, Las Vegas Sands had the greatest increase in references for environmental sustainability in Q1 2023, compared with the previous quarter. GlobalData identified 233 environmental sustainability-related sentences in the company's filings - 140% of all sentences - and an increase of 11500% in Q1 2023 compared with Q1 2022. Walt Disney’s mentions of environmental sustainability rose by 1300% to 132 and Carnival’s by 800% to 127 and Southwest Airlines’s by 700% to 78 and Canadian Pacific Railway’s by 300% to 71.
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 environmental sustainability in Q1 2023 was 95.
To further understand GlobalData's analysis on Environmental Trends in Travel and Tourism – Thematic Intelligence, buy the report here.