A new study by McKinsey & Company and LeanIn.Org reveals that over the past five years Corporate America has made some progress in gender diversity, including increasing the number of women in leadership.
Although that finding is promising, women remain underrepresented in business leadership across the board and continue to lack access to opportunities available to their male counterparts. Representation of women in high-ranking leadership has grown since 2015, according to the findings in the report titled Women in the Workplace 2019.
Forty-four percent of the 330 companies participating in the study have slightly increased the number of women in executive roles.
The 44 percent have three or more women in their C-suites. That’s up from 29 percent of companies in 2015.
It’s progress, but it’s not a dramatic difference. This and other studies show women continue to face barriers to leadership and financial gain in Corporate America, including the hotel and travel sectors.
As the year 2020 kicks off we wanted to check in with some women in the hospitality and travel industry who are either role models of leadership or are organizing programs that celebrate, educate and empower women to keep climbing and not stop until they reach the top.
This episode is the first part of report about the progress women are making in leadership in the hospitality industry. It is a mix of interviews with guests, including Peggy Berg, founder of Castell Project; Kristin Intress, returning CEO of WorldHotels; Laura Mandala, founder of Mandala Research and creator of Women in Travel and Tourism International; and Clara Carter, founder of Multi-Cultural Convention Services Network and founder of Women in Tourism and Hospitality.
Resources and Links
Leaders at AAHOA and the American Hotel & Lodging Association say time is running out for the nation’s 57,000 hotels in need of federal government financial relief as the coronavirus pandemic in the U.S. heads into its eighth month. Cecil Staton, president and CEO of AAHOA, and Chip Rogers, president and CEO of AHLA, are tirelessly rallying the industry to implore Congress to act soon before half of the country’s hotels go into foreclosure. This report is part of our ongoing coverage of the coronavirus crisis and its impact on the hotel industry.
With hotel occupancies hovering around an average of 50 percent, owners and operators are seeking new ways to generate revenue beyond traditional overnight stays. One solution in the works is day use of hotel rooms. Hotel companies such as Red Roof, Hyatt Hotels Corp. and Hilton are promoting the practice during the COVID-19 pandemic. Ahead of the curve is HotelsbyDay.com, a day-use booking platform that is marketing hotels as the new office space. Long Live Lodging explores the unconventional use of hotels and how owners and operators can position their properties to attract day users. This is part of our ongoing coverage of the coronavirus crisis and its impact on the hotel industry.