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Forbes
a day ago
- Business
- Forbes
Global Networks Help Women Advance In The Hospitality Industry
Women in hospitality are being assisted by global networks. Eric Sun Photography The global hospitality industry, a behemoth sector with a market size of nearly $4.7 trillion annually, is projected to grow to $5.8 trillion by 2027, according to Forbes. The industry encompasses a wide range of businesses, including hotels, restaurants and various leisure activities. The industry is experiencing trends like increased personalization of guest experiences, the rise of "bleisure" travel (combining business and leisure) and the integration of new technologies like AI. The US hospitality market is a significant part of the global industry, with a market size of $247 billion in 2025. The US leisure and hospitality sector employs around 17 million people, while the US hotel market was valued at $263.21 billion in 2024 and is expected to reach $280.63 billion in 2025. Women are gaining more spots at the podium each year. Lucas Savoie The Network of Executive Women in Hospitality (NEWH) is the international community connecting the hospitality industry, providing scholarships, education, leadership development, recognition of excellence and business development opportunities. NEWH, Inc. recognizes the talent and ability of students and encourages involvement in all areas of the Hospitality, Foodservice and related fields through scholarships, seminars and educational programs. It's about Scholarship, Education and Business Networking. The World Travel & Tourism Council is a global authority on the economic and social contribution of Travel & Tourism and promotes sustainable growth for the Travel & Tourism sector. 'These women are experienced, adaptable and people-focused,' says Esther Hertzfeld, Executive Editor of HOTEL MANAGEMENT. 'They don't hesitate to speak up and advocate for themselves and their teams. They also put themselves out there. You'll see them educating and advocating at industry events. They are also at the forefront of industry, whether they are in investment, operations, technology or anywhere else in the hospitality ecosphere.' Sandy Banks, President, NEWH. NEWH Forty-one years ago, several visionary women identified a need in the hospitality industry to address a lack of equality, inclusion and diversity and took necessary steps to form an organization that would support women and young people pursuing hospitality careers. NEWH, as it was known then, Network of Executive Women in Hospitality, was born. Our mission is simple and powerful. NEWH is the international non-profit community connecting the Hospitality Industry, providing scholarships, education, leadership development and recognition of excellence. Forty one years later, we not only continue this mission, we have expanded it beyond women and young people to include people from all generations, genders, racial and cultural backgrounds who are underrepresented in the hospitality industry and as the demand for safe inclusive spaces increases in our world. NEWH proudly champions equity, inclusion and diversity across everything we do, from scholarships and education, to networking and membership. We have contributed to building a diverse, global community that champions inclusivity and belonging in the hospitality industry. The testimonials from our scholarship recipients, those involved in our mentorship program and attendees of our Leadership Conferences confirm that we have built a platform that supports membership and participation from people of all backgrounds around the globe. We continue to work at maintaining crucial educational opportunities and providing programs that are inclusive and relevant to the survival of our hospitality industry. We are invested in being a lifeline for people of all ages, backgrounds and genders who are interested in excelling in the hospitality Industry. Why are inclusive cultures so vital for the hospitality industry? In short, the hospitality industry spans the globe and touches all cultures, countries and humanity. We must have representation in all areas of our industry if we are going to be successful as a sector. Inclusivity is no longer optional, it is essential in today's world. Inclusion and diversity play a vital role in the success of businesses, the health of communities and the well being of cities and neighborhoods everywhere. Because the hospitality industry touches nearly every corner of life, through travel, lodging, dining and experiences, it carries an even bigger responsibility. Whether people are traveling by air, train or car, staying in hotels or airbnbs, cruising the seas or dining out, they are interacting in our industry. Our reach is global, and so is our impact. That is why we must be intentional and vigilant in curating environments that make people feel comfortable and that reflect our global diversity. Everyone deserves to feel welcome in the spaces we create. Julia Simpson, World Travel & Tourism Council President & CEO. WTTC Julia Simpson, WTTC President & CEO, addressed trends and issues facing women in hospitality. Women are graduating from hospitality programs at high rates. What can you attribute this to? We are a new generation of talent that views Travel & Tourism as a serious global employer with long-term career potential. The sector has evolved. It is increasingly recognized as a driver of economic growth, innovation and international engagement. This is attracting ambitious women who are looking for careers that are both dynamic and globally relevant. At the same time, educational institutions have matured in how they present the sector: shifting from a purely service-oriented view to one focused on leadership, entrepreneurship, technology and global mobility. That repositioning is critical. The demand for female leadership is rising across industries, and Travel & Tourism is no exception. The challenge now is to ensure that this strong pipeline translates into leadership at the top. Gender equity should be embedded into succession planning. WTTC What will it take for women to reach parity at the executive levels in the hospitality industry? It requires structural change. Parity will not be achieved through goodwill alone. It demands data-driven targets, leadership accountability, and a willingness to challenge legacy systems and mindsets that no longer serve the needs of a modern, high-growth sector. Companies must take ownership of talent development at the executive level. This means embedding gender equity into succession planning, aligning incentives to performance on inclusion linked to results and ensuring that pathways to the C-suite are transparent and accessible. Gender-diverse leadership drives performance, innovation and resilience. The industry can no longer afford to treat this as optional. Strong professional networks play a vital role for women in hospitality. WTTC The statistics reveal that more and more women are beginning to start their own hospitality businesses. Explain this growing trend. Women are reshaping the hospitality sector through ventures that are agile, values-driven and globally connected. This shift reflects not only increased access to capital and technology, but also a determination to lead on their own terms. Some, like Andrea Grisdale of IC Bellagio, have built exceptional businesses from the ground up, guided by a clear purpose and local expertise. Others, like Gloria Fluxà, have taken forward family enterprises while embedding sustainability and innovation at scale. These different paths reflect the breadth of leadership now shaping our sector. Critically, mentorship and strong professional networks play a vital role. Women who have access to experienced guidance and supportive peer communities are more likely to lead, grow and overcome structural barriers. Empowering more women to connect, share and support one another is essential to sustaining this momentum. Forbes UHNWIs Opt For Safaris In Exclusive And Restricted Locations By Roger Sands Forbes Pakistan's Ski Terrain May Be The Sport's Best Kept Secret By Roger Sands
Daily Mail
11-06-2025
- Science
- Daily Mail
'Silent' crisis that threatens to wipe out $300 billion coastal industry
Scientists have warned of an environmental crisis threatening to destroy a $300billion global industry critical to coastal communities worldwide. A new study revealed that ocean acidification has already crossed a global tipping point. This occurs when the ocean absorbs excessive carbon dioxide from the atmosphere, making it more acidic and corrosive to marine organisms. Since the Industrial Revolution, burning fossil fuels has sent massive amounts of carbon dioxide into the air, increasing the ocean's acidity. Scientists revealed that oceans crossed a critical limit for acidification as early as 2000, with 60 percent of deeper waters now beyond the danger zone. The study found that the damage has already led to the loss of 43 percent of coral reef habitat, 61 percent of sea butterfly habitat, and 13 percent of suitable environment for shellfish like oysters and mussels. When the ocean becomes more acidic, it eats away at the building blocks these animals need to grow their shells. This change could push the global seafood industry, worth multi billions toward collapse. The US, with an $11 billion seafood market, is the world's second biggest market and could face serious consequences. 'It is not just an environmental issue anymore,' said Professor Steve Widdicombe, director of science at Plymouth Marine Laboratory and a leading global voice on ocean acidification. 'We are gambling with biodiversity and with billions in economic value every day that action is delayed.' Researchers say ocean acidification is undermining the survival of 'calcifying species' marine organisms that depend on calcium carbonate to form their shells and skeleton. 'Ocean acidification can severely affect marine organisms through its direct impact on physiology, growth, survival and reproduction,' researchers said in the study published in Global Change Biology. Shellfish farming alone contributes billions annually, supporting over 600 million people in coastal communities. Researchers said that by 2020, the ocean's water had already changed enough to go past the safe limit, scientists set to protect sea life from harm caused by too much acidity. In other words, the ocean became too acidic for many marine animals to stay healthy. That line was drawn at a 20 percent reduction in calcium carbonate compared to pre-industrial levels and US West Coast is among the worst affected. But this study suggests that even 10 percent deviation from pre-industrial conditions is enough to push marine ecosystems into danger. The maps highlight areas where conditions are just barely okay for corals, marked by a line called the 3.5 contour. Purple dots show where coral reefs are found. The maps compare four different times: (a) before big human impacts, (b) in 2020, (c) after a 10 percent drop from the old healthy level, and (d) after a 20 percent drop from the old healthy level. The Pacific oyster, a key part of US seafood farming, struggles to survive when ocean water gets too acidic. In the early 2010s, oyster hatcheries in the US Pacific Northwest almost shut down because the seawater became too acidic. To fix this, hatcheries started using sensors to monitor the water and added chemicals to keep it safe for oysters. However, many smaller or remote hatcheries often can not afford these fixes, and the same problem is now showing up along the Gulf and East coasts. However, many coastal areas around the world still do not have the tools or government help to deal with this problem. The damage is not limited to oysters. Tiny sea creatures called pteropods, a major food source for fish like salmon and mackerel, are already being hit hard by acidifying waters. By 2020, more than half of their polar habitat was damaged, with marine life struggling to survive. If they disappear, it could shake the entire ocean food chain. Coral reefs, though less common in US waters, are also at risk, putting coastal protection and young fish habitats in danger. As the ocean condition worsen, the sector is impacting both livelihoods and economy of US seafood industry. According to National Oceanic and Atmospheric Administration, the US marine industry supported 2.3 million jobs and generated $321 billion in sales in 2022. In addition to this, a report funded by the National Sea Grant Program found that US aquaculture, adds about $4 billion to the economy each year and supports over 22,000 employment. In the Pacific Northwest, where commercial shellfish farms thrive, corrosive seawater has already crossed the danger threshold. Despite growing evidence, the crisis remains largely unseen. 'There's no smoking gun,' said Professor Steve Widdicombe of Plymouth Marine Laboratory to The Guardians. 'It is tough to convince policymakers when the water looks fine from the beach.' International goals exist, like the UN's Sustainable Development Goal 14 and the Global Biodiversity Framework, but few governments, including the US, have laid out aggressive national plans specifically targeting acidification. 'Ocean acidification is a crisis we cannot see,' said Professor Helen Findlay, the lead author of the study. 'But its fingerprints are all over our coastlines, hatcheries and ecosystems. And unless we act now, the losses will keep mounting.'
Yahoo
26-05-2025
- Business
- Yahoo
2025 Chemicals Global Industry Guide: 2020-2029 Top Players, Key Financial Metrics and Analysis, & Competitive Pressures
Explore the comprehensive Global Chemicals Industry Profile offering insights into market size and forecasts up to 2029. It covers key segments like commodity and specialty chemicals, examines leading players with financial metrics, and analyzes competitive pressures. Discover trends and economic indicators influencing this $5.44 trillion market. See why Asia-Pacific dominates and the significance of segments like agricultural chemicals, with detailed future growth forecasts. Dublin, May 26, 2025 (GLOBE NEWSWIRE) -- The "Chemicals Global Industry Guide 2020-2029" report has been added to Chemicals industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Highlights Chemicals market is segmented into commodity chemicals, specialty chemicals, agriculture chemicals, and others. Market values represent country's consumption of chemical products at the producer's selling price (PSP). Commodity chemicals are basic chemical products used in large quantities across various industries. These chemicals are essential in the production of items such as man-made fibers, basic chemicals, rubber tires and tubes, plastic products, etc. Specialty chemicals are distinctive, high-value substances designed for specific applications. These chemicals play a critical role in industries like personal care and cosmetics, pharmaceuticals, food and beverages, adhesives and sealants, water treatment, and construction. Agricultural chemicals are vital for enhancing crop production, protecting plants from pests and diseases, and improving soil fertility. They are used in fertilizers, pesticides, plant growth regulators, soil conditioners, antimicrobial agents, and other related applications. The scope of others segment includes chemicals used for the manufacture of photographic plates, films, sensitized paper and other sensitized unexposed material. It also includes substances used for pickling metal, making propellant powders, and creating powders and pastes for soldering, brazing, or welding. All market data and forecasts are based on nominal prices, and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates. The USD values may show a declining trend for a few countries, such as Argentina, Turkey, Nigeria, Egypt, and Russia. This is primarily because of the impact of exchange rates considered. The global chemicals market recorded revenues of $5.44 trillion in 2024, representing a compound annual growth rate (CAGR) of 5.9% between 2019 and 2024. The commodity chemicals segment accounted for the market's largest proportion in 2024, with total revenues of $2.94 trillion, equivalent to 54.2% of the market's overall value. According to the publisher, Asia-Pacific dominated the global chemicals market in 2024, commanding the largest share of 63.1%. Scope Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global chemicals market Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global chemicals market Leading company profiles reveal details of key chemicals market players' global operations and financial performance Add weight to presentations and pitches by understanding the future growth prospects of the global chemicals market with five year forecasts by both value and volume Macroeconomic indicators provide insight into general trends within the global economy Reasons to Buy What was the size of the global chemicals market by value in 2024? What will be the size of the global chemicals market in 2029? What factors are affecting the strength of competition in the global chemicals market? How has the market performed over the last five years? What are the main segments that make up the global chemicals market? Key Topics Covered: 1 Executive Summary1.1. Market value1.2. Market value forecast1.3. Category segmentation1.4. Geography segmentation1.5. Competitive landscape2 Introduction2.1. What is this report about?2.2. Who is the target reader?2.3. How to use this report2.4. Definitions3 Global Chemicals3.1. Market Overview3.2. Market Data3.3. Market Segmentation3.4. Market outlook3.5. Five forces analysis4 Macroeconomic Indicators4.1. Country dataCompetitive Landscape Acron AECI Ltd Alpek SAB de CV Alpha HPA Ltd Arcadium Lithium PLC Arkema SA Asahi Kasei Corp BASF SE Braskem SA China National Petroleum Corp China Petrochemical Corp China Petroleum & Chemical Corp Croda International Plc Dow Inc DuPont de Nemours Inc Dyno Nobel Ltd Evonik Industries AG ExxonMobil Chemical Co Gujarat Fluorochemicals Ltd Hanwha Solutions Corp INEOS Ltd Johnson Matthey Plc Lanxess AG LG Chem Ltd Lotte Chemical Corp LyondellBasell Industries NV Merck KGaA Methanex Corp Mitsubishi Chemical Group Corp Mitsui Chemicals Inc Nouryon Chemicals Holding BV Nova Chemicals Corp Nutrien Ltd Omnia Holdings Ltd Orica Ltd PetroChina Co Ltd Phosagro Pidilite Industries Ltd Polynt SpA PT Chandra Asri Pacific Tbk PT Lautan Luas Tbk PT Pupuk Indonesia Holding Co Reliance Industries Ltd Sasa Polyester Sanayi AS Sasol Ltd Schelkovo Agrohim JSC Shell Chemicals Ltd Sibur Holding SK Innovation Co Ltd Solvay SA SRF Ltd Sumitomo Chemical Co Ltd Tata Chemicals Ltd TotalEnergies SE Versalis SpA Victrex Plc Wanhua Chemical Group Co Ltd Yara International ASA For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
