Tourism Impact Report - Travel & Leisure Services Edition

In our latest quarterly review of corporate sustainability impacts, risks and opportunities, we find that travel and leisure services companies are making significant progress in energy efficiency through advanced management systems. The report reveals that BCD Travel reduced its data centres' energy consumption by 47% through virtualization and advanced cooling solutions, while Expedia Group is virtualizing 80% of its mission-critical applications to reduce energy usage. Leading cruise operators like TUI Cruises are implementing sustainable fuel initiatives and biofuel blends, with Norwegian Cruise Line reporting 36% fleet-wide emissions reduction through its fuel optimization programme, while addressing both financial materiality and double materiality considerations across their operational value chain.

This report analyses thousands of sustainability disclosures from 20 leading entities in the industry, including Booking Holdings, Expedia Group and TUI Group. Published in Q225 as part of a quarterly series, it also includes disclosures from Global South entities like MakeMyTrip, Travelstart and Despegar. The global nature of this analysis makes it an ideal source of external evidence for sustainability accounting and disclosure, particularly for organisations implementing ISO 50001 energy management systems and integrating ESG frameworks to enhance operational efficiency while aligning with SDG targets for responsible consumption and production.