The commitment came as WTTC, which represents the tourism private sector, launched its Women Initiative at its Global Summit in Cancun.
The body was joined by 18 Grand Slam singles title winner, Martina Navratilova, for the announcement.
WTTC chief executive, Gloria Guevara, unveiled the public-private-academic partnership to promote diversity and drive inclusivity which will help lead the way to achieving equality for women throughout tourism.
It led to the signing of the WTTC Cancun Women Declaration to support women, which recognised their contribution around the world and the importance of an equal equitable environment to enable them to thrive as leaders, entrepreneurs and innovators.
“The pledge made today with the launch of the first Women Initiative in tourism by a combination of the private, public and academic sectors to work towards women’s equality, marks a significant step forward.
“Globally, women have been disproportionately affected by the pandemic which has exacerbated the pay gap, the opportunity gap and the shocking lack of senior positions and leadership roles across the tourism sector.”
She added: “This needs to be changed, WTTC research shows women play a vital role and represented 54 per cent of tourism’s employment worldwide.
For the private sector in the short term, the Women Empowerment Initiative has two core elements: developing skills and creating formal sponsorship and mentorship programmes for young women in business.
It will encourage women to bring in new ideas and skills to broaden the wealth of experience and expertise from women at all levels across the entire tourism sector.
Senior women leaders will also be empowered to become mentors and share their skills and experience with the next generation of female travel leaders to nurture and develop new talent.
Where possible, companies will also be asked to assign a senior executive or board member to be a sponsor for gender diversity and inclusion, who is accountable for progress.
The private sector pledged to increase female representation of leadership positions by 30-50 per cent and aim toward increasing by a third, the representation of women to board levels and C-suites, by 2030.
There will also be a commitment to identify opportunities to reduce any gender pay gaps and implement gender diverse slate requirement for all open roles and to each year share progress and publish an action plan to achieve their goals.
Navratilova said: “Women have always had to outperform men, and whilst things are changing for the better, it is still a fight and a constant battle.
“Change happens much quicker when it comes from the top. Companies would be more profitable if more women were in positions of power and boardrooms were less homogenous and reflected the diversity of their customers.
“As an advocate for women’s rights, I know every act we take will help change the lives of women everywhere and make the world a fairer and better place.”