WOMEN’S PRESENCE GROWING IN HOTEL BOARDROOMS – A RANKING OF GLOBAL BRANDS
According to a study undertaken by AETHOS Consulting Group, female executives occupy approximately 24% of seats on publicly listed global hotel-firm boards. The study also reveals that middle to mature-aged white men continue to be the largest leaders sitting on most hotel company boardroom tables.
The good news is that a lot of companies are starting to recognise that the composition of their leadership needs to better represent their customer and employer bases. In advancing this new agenda, Europe is the most progressive, followed by North America, with Asian and African companies trailing somewhat far behind.
Globally, the best ranking hotel group is InterContinental Hotels Group with a 40% female board director representation. Following them is Pandox Hotel Group and Wyndham Hotel Group (at 38% respectively); Whitbread PLC (36%); Accor (35%); Hilton Worldwide (33%) and Marriott International Inc. (29%). In the executive management space, there is a similar ratio of men to women, with 22% female representation. Of these, the most functional areas most commonly occupied by women are finance (20%), human resources and chief legal counselors (14% respectively).
In South Africa, we are reminded on a daily basis that the issue of women empowerment is receiving full attention at all levels. With a female Minister at the helm, we are in good stead to firmly contribute to the rising number of females sitting on the boards of travel and tourism companies around the globe.
YOUR OPINION ON EMPOWERMENT MATTERS
Do you think our sector is taking the right steps towards achieving parity on the male/female ratio in the workplace? We also would like to know of the ideas you may have to increase female representation in the boardrooms of South African travel and tourism companies? Email us on email@example.com