Welcome to the hertelier email! To our new subscribers, thanks for signing up! Here's what happened this week-- hertelier round-up of the week’s interesting articles on the hotel industry and women in business: - A thoughtful essay in the New York Times, What is Hospitality? The Current Answer Doesn't Work., author Tejal Rao muses "Hospitality is both invisible and formidable — it surrounds you. You can find it at a rest stop on the highway, and miss it at the host stand of a fine-dining restaurant. You feel its presence, or you don’t." This article shines a light on the difficulties of this year for restaurants, including challenging customer attitudes and unreliable compensation models.
- The Wall Street Journal ran an article this week, Working Mothers Derailed by Pandemic Face a Tough Road (unfortunately there is a paywall) which talks about how nearly 1.1 million women between the ages of 25-54, our prime earning years, have left the workforce during the pandemic compared with 830,000 men in the same age group. Data shows women have had to take lower-paying jobs to accommodate for child care, losing momentum in their careers.
- Even as most companies profess their commitment to advancing women into leadership roles, systemic barriers and biases continue to hold us back, according to the article How to Close the Gender Gap, in the Harvard Business Review, which explores ways the gender gap can be narrowed, or even closed in corporate America.
- The good news is when women do make it to the C-suite, companies become more open to change and less open to risk, and focus more on internal investment. In other words, when women join the C-suite, they don’t just bring new perspectives — they actually shift how the C-suite thinks about innovation, ultimately enabling companies to consider a wider variety of strategies for creating value, claims the Harvard Business Review.
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