NEWH - Summer 2021 - 26

GUEST PERSPECTIVE

Castell Project Releases Report on
Hospitality Company Board Diversity

PEGGY BERG
CASTELL PROJECT

T

he Castell Project, a 501(c)3 nonprofit organization
dedicated to accelerating the careers of women
professionals in the hospitality industry, has released
its " Diversity of Hospitality Industry Public Company
Boards 2021 " report. The statistical document presents data about
hospitality industry public company boards and compares statistics
to 2020 Women on Boards Gender Diversity Index produced by 2020
Women on Boards.
" The pressure to diversify boards by both race and gender is likely
to intensify, " says Peggy Berg, Castell Project chair. " Currently, it is
easier for boards to be gender diverse than racially diverse. Women
are 51 percent of the U.S. population, while Black people account for
13 percent. However, more than 40 percent of the U.S. population
identifies as 'other-than white,' and the ratio is growing. Although
social consciousness may play a role, the compelling case is to
align the makeup of corporate boards with the industry's diverse
marketplace and talent pool. "
Methodology
To benchmark the hospitality industry's status, Castell Project looked
at female, Black, and Asian representation on corporate boards of
public hospitality companies based in the U.S. Data is sourced from
10-K filings and Internet searches of individual board members and
executives. The data set covers 31-plus public hospitality companies
over five years.
Highlights:
*	 In the hospitality industry, white men have been the majority of
people selected for public board positions every year, including
years when women and Black people have made the greatest gains.
*	 Hospitality public companies and the Russell 3000 Index average
23 percent women board members.

*	 Only 11 of 31 hospitality public boards have Black representation.
There is no correlation to company size.
*	 The inclusion of both Black and female hospitality board members
peaked in 2019, but progress nearly stalled in 2020.
*	 Founders or sons of founders are chairs or directors on the boards
of 19 of the 31 public hospitality companies (61 percent).
*	 The three largest hospitality public companies by both 10-K filings
of assets and revenues have the most gender-diverse boards.
Similarly, the largest companies on the Russell 3000 Index have
made more progress on board gender diversity than smaller
companies.
*	 Chairmanship of publicly traded, hospitality companies in the U.S.
is rare for Black and/or female board members. There are three
Black board chairs, one of whom is the only female chair.
" Benchmarking where we stand as an industry encourages progress, "
Berg notes. " While the pandemic created additional hurdles for
women and minority hospitality workers, we seem to be moving in
the right direction overall. Momentum will grow for corporate boards
that better relate to the actual market. We will get there. "
A full copy of the report can be found on the Castell Project website
at castellproject.org.
Peggy Berg heads the Castell Project, a nonprofit advancing
women in leadership throughout the hospitality industry. With
support from industry partners, Castell Project inspires diverse
hospitality college students, delivers impactful leadership
development programs for women, and publishes innovative
research on diversity in the hospitality industry. ❙❘❚

26	 newh.org

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4/19/21 11:43 AM


http://www.castellproject.org http://www.newh.org

NEWH - Summer 2021

Table of Contents for the Digital Edition of NEWH - Summer 2021

Contents
Letter from the President
News
Equity, Inclusion, and Diversity
Guest Perspective
Who's Who
New NEWH Corporate Partners
Conference Roundup
Have You Seen
Scholarships
Scholarship Heroes
Interview: Arash Azarbarzin
Sustainability Point of View
Q&A: Tara Chung
Q&A: Courtney Elfand
Q&A: Gabe Rodriguez
Cover Story
Project: Canopy Cancun
Project: Pressed Roots
Project: Giannino Mayfair
Project: Portola Hotel & Spa
Chapter Highlights
Save the Date
New Members
Partner Profiles
Ad Index
NEWH - Summer 2021 - Cover1
NEWH - Summer 2021 - Cover2
NEWH - Summer 2021 - Contents
NEWH - Summer 2021 - Letter from the President
NEWH - Summer 2021 - 5
NEWH - Summer 2021 - 6
NEWH - Summer 2021 - 7
NEWH - Summer 2021 - News
NEWH - Summer 2021 - 9
NEWH - Summer 2021 - 10
NEWH - Summer 2021 - 11
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NEWH - Summer 2021 - 21
NEWH - Summer 2021 - Equity, Inclusion, and Diversity
NEWH - Summer 2021 - 23
NEWH - Summer 2021 - 24
NEWH - Summer 2021 - 25
NEWH - Summer 2021 - Guest Perspective
NEWH - Summer 2021 - 27
NEWH - Summer 2021 - Who's Who
NEWH - Summer 2021 - 29
NEWH - Summer 2021 - 30
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NEWH - Summer 2021 - 37
NEWH - Summer 2021 - New NEWH Corporate Partners
NEWH - Summer 2021 - 39
NEWH - Summer 2021 - Conference Roundup
NEWH - Summer 2021 - 41
NEWH - Summer 2021 - Have You Seen
NEWH - Summer 2021 - 43
NEWH - Summer 2021 - 44
NEWH - Summer 2021 - 45
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NEWH - Summer 2021 - 48
NEWH - Summer 2021 - 49
NEWH - Summer 2021 - Scholarships
NEWH - Summer 2021 - 51
NEWH - Summer 2021 - Scholarship Heroes
NEWH - Summer 2021 - 53
NEWH - Summer 2021 - Interview: Arash Azarbarzin
NEWH - Summer 2021 - 55
NEWH - Summer 2021 - 56
NEWH - Summer 2021 - 57
NEWH - Summer 2021 - Sustainability Point of View
NEWH - Summer 2021 - 59
NEWH - Summer 2021 - Q&A: Tara Chung
NEWH - Summer 2021 - 61
NEWH - Summer 2021 - Q&A: Courtney Elfand
NEWH - Summer 2021 - 63
NEWH - Summer 2021 - Q&A: Gabe Rodriguez
NEWH - Summer 2021 - 65
NEWH - Summer 2021 - Cover Story
NEWH - Summer 2021 - 67
NEWH - Summer 2021 - Project: Canopy Cancun
NEWH - Summer 2021 - 69
NEWH - Summer 2021 - 70
NEWH - Summer 2021 - 71
NEWH - Summer 2021 - Project: Pressed Roots
NEWH - Summer 2021 - 73
NEWH - Summer 2021 - 74
NEWH - Summer 2021 - 75
NEWH - Summer 2021 - Project: Giannino Mayfair
NEWH - Summer 2021 - 77
NEWH - Summer 2021 - 78
NEWH - Summer 2021 - 79
NEWH - Summer 2021 - Project: Portola Hotel & Spa
NEWH - Summer 2021 - 81
NEWH - Summer 2021 - 82
NEWH - Summer 2021 - 83
NEWH - Summer 2021 - Chapter Highlights
NEWH - Summer 2021 - 85
NEWH - Summer 2021 - 86
NEWH - Summer 2021 - 87
NEWH - Summer 2021 - 88
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NEWH - Summer 2021 - 96
NEWH - Summer 2021 - 97
NEWH - Summer 2021 - Save the Date
NEWH - Summer 2021 - 99
NEWH - Summer 2021 - New Members
NEWH - Summer 2021 - 101
NEWH - Summer 2021 - 102
NEWH - Summer 2021 - 103
NEWH - Summer 2021 - Partner Profiles
NEWH - Summer 2021 - 105
NEWH - Summer 2021 - Ad Index
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NEWH - Summer 2021 - Cover4
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