Coming up with a reopening strategy is a lot simpler when someone else has done the work for you. Look to TGA’s COVID-19 resource page for useful tools like:
- The National Retail Federation’s Operation Open Doors checklist (remember, TGA’s small and mid-size retail members receive a complimentary NRF membership)
- The U.S. Travel Association’s Best Practices for Communicating Health and Safety Guidelines at Businesses
- And best practices examples such as 14 Email Marketing Tactics to Test Now
For more tips, check in with TGA’s COVID-19 resource page, updated frequently, for the latest best practices and reopening info.
TGA Letter Urging U.S. Government to Establish Uniform Regulations for Protecting American Flying Public During Pandemic
TGA has drafted a letter urging the Trump administration to immediately implement uniform safety regulations to protect the flying public as our country emerges from this pandemic. Without uniform regulations, Americans will face a myriad of conflicting regulations that differ by airport and differ by airline, creating confusion, and instilling fear that America’s skies are not safe to fly just as we enter the critical summer travel season. Please let TGA’s Nate Herman know by this Friday, June 12 whether TGA should send the draft letter and, if so, what other organizations could/should join TGA on the letter.
On June 5, President Trumped signed into law the Paycheck Protection Program (PPP) Flexibility Act. The law will modify the PPP by extending the expense forgiveness period from 8 weeks to 24 weeks; reducing the 75% payroll ratio requirement to 60%; expanding loan repayment restrictions from 2 years to 5 years; and extending the June 30 rehiring deadline to December 31, 2020.
TGA would like to sign a letter endorsing the bipartisan JOBS Credit Act (H.R. 6776), legislation that would fix the employee retention tax credit (ERTC) by expanding the credit percentage from 50% to 80% of qualified wages; increasing the per-employee limitation from $10,000 for all calendar quarters to $15,000 per calendar quarter (and an aggregate of $45,000 for all calendar quarters); and creating a phased-in credit, which will allow employers with more than a 20% decline in gross receipts to be eligible for a portion of the credit. Please let TGA’s Nate Herman know by this Friday, June 12 whether TGA should sign the letter endorsing the legislation.
CONDÉ NAST TRAVELER
Here at Traveler, we know that a reliable suitcase can make or break a trip. Whether it’s tossing and turning in the cargo hold or packed into your trunk as you hit the road this summer, it’s what you trust to keep your belongings safe and organized. Fortunately, we have a clued-in network of constantly traveling industry experts that we rely on to point us toward the brands and pieces they trust most. READ MORE
25,000 Stores Are Predicted to Close in 2020, As the Coronavirus Pandemic Accelerates Industry Upheaval
U.S. retailers could announce between 20,000 and 25,000 closures in 2020, according to a tracking by Coresight Research, with 55% to 60% of those situated in America’s malls. That would also mark a record – which was previously the more than 9,300 locations in 2019. READ MORE
NIKKEI ASIAN REVIEW
Cambodia’s garment industry, already pummeled by the coronavirus pandemic, is set for a “one-two punch” after the European Union signaled it will not suspend its decision to curb trade privileges for the vital sector. The EU announced in February that it will suspend duty-free access for 40 products from Cambodia, effective Aug. 12, because of “systematic” human rights violations. READ MORE
TRAVEL + LEISURE
There’s now an easy way to peruse your vacation options as the world begins recovering from the coronavirus pandemic. The International Air Transport Association, an authoritative trade association for airlines around the world, has created an interactive Travel Regulations Map that allow both airlines and travelers to quickly see current COVID-19 travel restrictions for each country around the world. READ MORE
MIT SLOAN MANAGEMENT REVIEW
In a crisis, it’s easy to unconsciously prioritize the past. But crises are also when leaders need to look forward. READ MORE
As travel demand creeps back over the next year, there will be a lot of changes when we hit the roads and skies again. One of the biggest changes will be the absence of things travelers, especially those in business class, might have taken for granted in the pre-pandemic days. From something as basic as a welcoming smile or a warm meal, to a shower at 35,000 feet, here are 10 things that might not be around when you are ready to travel again. READ MORE
Every retailer is navigating waters so uncharted they may as well be in their own respective oceans. Some fortunate brands are experiencing a surge in sales, overwhelming their supply chains, while others have to shutter their stores and furlough employees as sales decrease. You already knew the spread of coronavirus is having an unprecedented and unpredictable impact on the retail industry. What you don’t know is how or when it will end. READ MORE
TRAVEL + LEISURE
Italy’s famed $1 homes are back on the market. In 2019, several small Italian towns put up their abandoned homes for just $1 in an effort to lure more residents in and to rebuild the communities. Now, the community of Cinquefrondi, located in the southern region of Calabria, is doing the same. But it’s got one more selling point for you: It’s also COVID-free. READ MORE
Missed last week’s issue? See which articles your colleagues read most.
- NOW is the Time to Get Ready (TGA)
- China May Not Be Delivering on Its Trade Deal – Here’s Why (CNBC)
- Airlines Say It’s Safe to Travel. But is It? (THE NEW YORK TIMES)
- History Teaches 3 Essential Leadership Lessons for Our Current Crisis (FAST COMPANY)
- Three Reasons Video Marketing is Important on Social Media in 2020 (FORBES)