In 2023, Glenn Fogel, the highest-paid travel CEO, ranked 10th overall among S&P 500 companies. The top three earners were Broadcom’s Hock Tan ($161.8 million), Palo Alto Networks’ Nikesh Aurora ($151.4 million), and Blackstone’s Stephen Schwarzman ($119.8 million).

While one may question the justification for such enormous compensation packages, it's hard to dispute the impressive performance achieved by Fogel and his travel industry peers.

According to The Wall Street Journal's analysis, companies were rated on total shareholder return compared to their industry, with a score of 5 indicating a top 20% performance. Booking Holdings, Delta Air Lines, Host Hotels, and Royal Caribbean all received the highest score, showcasing their exceptional results within the travel sector.

The Wall Street Journal also ranked compensation against their respective industries. In addition to scoring 5s for shareholder return, Fogel, Bastian and Risoleo also got 5s for compensation, which meant they were among the highest paid in their respective industries.

Risoleo, however, received only a 3 for his compensation package. That means he was paid only in the top 60% of his peers.

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