The global travel & tourism industry experienced a 47% rise in company filings mentions of social responsibility in Q1 2023 compared with the previous quarter, with the highest share accounted for by Las Vegas Sands with 488% year-on-year increase, according to GlobalData’s analysis of over 129 travel & tourism company filings. The key social themes, commitment details of leading companies to social responsibility, and discussions and hiring activity for social responsibility in Travel & Tourism and 15 other key sectors are covered in GlobalData’s Social Responsibility Trends by Sector – Thematic Intelligence report. Buy the report here.
Notably, social responsibility was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of internet of things and artificial intelligence, according to GlobalData.
Of the top leading companies in the travel & tourism industry, Las Vegas Sands had the greatest increase in references for social responsibility in Q1 2023, compared with the previous quarter. GlobalData identified 94 social responsibility-related sentences in the company's filings - 73% of all sentences - and an increase of 9300% in Q1 2023 compared with Q1 2022. Walt Disney’s mentions of social responsibility rose by 1500% to 80 and MGM Resorts International’s by 2000% to 21 and Hyatt Hotels’s by 1900% to 20 and Airbnb’s by 300% to 19.
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 social responsibility in Q1 2023 was 90.
To further understand GlobalData's analysis on Social Responsibility Trends by Sector – Thematic Intelligence, buy the report here.