The Highest Paid Travel CEOs in Europe in 2017
Photo Credit: Luis Maroto speaking at the World Travel & Tourism Council Global Summit. The Amadeus CEO was the highest paid European travel CEO in a Skift survey. World Travel & Tourism Council / https://www.flickr.com/photos/worldtravelandtourismcouncil/17158162215/in/photolist-s9d4R2-s9HJ5Z
Skift Take
European travel CEOs are paid well by most standards — but not compared with their peers across the pond.
Amadeus's long-serving CEO Luis Maroto was the highest paid CEO among Europe’s leading travel companies in 2017.
The Madrid-based firm awarded Maroto $5.6 million last year, more than any of his peers among the 21 other businesses Skift surveyed.
Maroto’s total pay packet included a fixed salary of $1 million (€0.9 million), a bonus of $1.3 million (€1.1 million), and stock awards totalling $3.2 million (€2.7 million).
Despite helping his company achieve a net profit of over a $1 billion, Maroto's remuneration actually fell slightly compared with 2016.
Second on the 2017 list was Willie Walsh, the boss of British Airways and Iberia parent company IAG, on $5.3 million (£4 million). Third was another airline boss, Lufthansa's Carsten Spohr with $4.9 million (€4.2 million).
Of the 23 CEOs (including the one executive chairman), there are nine from the airline industry and nine from the hotel sector.
Interestingly, the median average was higher in the hotel
