Thoughts, Unpacked

Advertisement

We’re Gearing Up for The 2022 Show

New Reality Ahead

Gearing up for The 2022 ShowWith the pandemic hitting so many sectors of the economy, and specifically, the travel industry, we are all eager to get back to business, even though our businesses may look a little different than before. Research shows that 53% of families plan to travel by car this summer, which brings a whole new set of opportunities for the travel industry to serve its customers. TSA screenings were up 3% from 2019 over the 4th of July weekend. There has also been double-digit growth for family-owned recreational vehicles and motorhomes, which means we’ll start to see travel products for RVs and outdoor lifestyle gear grow exponentially. And, of course, staying protected while traveling in airports, train stations, and places where people are likely to gather in numbers will lend itself to a new generation of travel products as well.

New Location = New Opportunities

While we work to ensure our industry’s successful road to recovery, we are pleased to announce the 74th Annual Travel Goods Show will be back, in-person, in 2022. For the first time, the Travel Goods Association will co-locate with ASD Market Week, one of the nation’s longest-running wholesale merchandise shows, from February 27–March 1 at the Las Vegas Convention Center. ASD began back in 1961 as a way for surplus dealers and merchants to do business to get rid of excess inventory and has evolved into one of the largest wholesale merchandise events in the country, drawing over 25,000 attendees and 1,500 exhibitors twice a year to Las Vegas to shop hundreds of product categories. ASD Market Week plays host to buying groups from cruise lines, luggage stores, college and university stores, hotels, casino and resort boutiques, and warehouse/super stores just to name a few. We feel the crossover of the ASD buyer to TGA will benefit our exhibitors in a positive way, as everyone prepares for what is sure to be a spike in travel product-related sales over the next few years.

Action Aids Recovery

Our industry is facing a three-fold crisis – the shipping industry is at a standstill, punitive tariffs imposed on goods from China remain at 25%, and U.S. travel goods imports from GSP (Generalized System of Preferences) countries were hit with 17-20% tariffs at the beginning of the year due to Congress allowing the GSP program to lapse, all of which adversely affects the purchasing and delivery of goods to store owners, who are desperately trying to find their way back to economic recovery after the pandemic. In order for manufacturers and retailers to provide consumers with the products they need, our government must commit to taking action by immediately resolving the issues that are plaguing the receipt and distribution of goods.

For the Travel Goods Association, we thrive on making an impact. On June 24, I sent a letter to President Biden urging him to address the global shipping crisis that is affecting so many industries. Now, more than ever, people all over the world are yearning for experiences that enable them to explore new places or return to familiar environments that aren’t their living rooms and backyards.

While widespread travel isn’t likely to rebound fully until 2024, domestic travel is beginning to spring back. As we continue to see life resume some sense of normalcy, we will be here to support the industry, as we have for the past 83 years.

We look forward to seeing you and all of our TGA friends in Las Vegas to help us put our industry back together. As always, if you have any questions, please reach out and let us know how we can support you and your business during this crucial time of recovery.

Share Your Thoughts

Your email address will not be published. Required fields are marked *

Advertisement

Advertisement 1

Advertisement

Facebook Feed

Advertisement 2

Advertisement