- City and state
TGA needs industry CEOs to sign a letter to President Trump and Congress urging them to 1) Defer duties for 180 days and 2) Grant pending tariff exclusion petitions on travel goods under the Tranche 3 China 301 tariffs. The letter focuses on the unique nature of the industry and highlights the devastating impact this crisis has had on a small industry, mostly comprised of small businesses who depend on travel. If CEOs are interested, please send the following information to TGA's Nate Herman by close of business tomorrow (Friday, April 17):
Sifting through the available financial relief options – Economic Injury Disaster Loans, Paycheck Protection Program, large-business loans and federal tax credits and deferrals – is challenging. Look to the Coronavirus Relief Resources for U.S. Business Owners document for a plain-English summary to help guide you to the best solution for your business. And check back with TGA’s COVID-19 Industry Updates page for the latest developments and TGA’s ongoing efforts to safeguard the industry.
The global economy is expected to contract by 3% in 2020 as a result of the coronavirus pandemic, the International Monetary Fund predicted in its annual World Economic Outlook released Tuesday. "It is very likely that this year the global economy will experience its worst recession since the Great Depression, surpassing that seen during the global financial crisis a decade ago," IMF Economic Counsellor Gita Gopinath wrote in the report. READ MORE
Since the coronavirus pandemic began to unfold, many of us have fallen into a new routine: making back-to-back Zoom calls from home offices, exchanging emails full of disheartening updates, and confronting an exhausting array of management dilemmas arising from unprecedented circumstances. The virus’ impact has devastated brand and retailer sales, supply chains, partners and importantly – the workers who contribute their labor. READ MORE
Earlier this month, the CDC officially recommended that everyone wear cloth masks in public to slow the spread of COVID-19, regardless of whether or not they are exhibiting the deadly disease’s symptoms. But retail employees, warehouse workers, and others whose jobs have been declared “essential” during the pandemic are still finding themselves without protective equipment – and some huge companies are advising that their employees make it themselves. READ MORE
A conversation with Lori Pennington-Gray, director of the Tourism Crisis Management Initiative at the University of Florida, about travel anxiety in 2020. READ MORE
You can start planning and booking today, depending on your flexibility, risk tolerance and willingness to take an active role in following the latest developments. Jesse Neugarten, CEO and founder of the million-plus member discount subscription service Dollar Flight Club, has seen his members booking travel from July onward. READ MORE
The speed and scope of the coronavirus crisis poses extraordinary challenges for leaders in today’s vital institutions. It is easy to understand why so many have missed opportunities for decisive action and honest communication. But it is a mistake to think that failures of leadership are all we can expect in these grim times. READ MORE
The Treasury Department is sending a message to large companies weighing government aid to weather the coronavirus pandemic: No free rides. Negotiations between airlines and the department over payroll grants have dragged on longer than expected after the Treasury Department requested more information and proposed additional conditions for the aid, a hint of what companies could face as they seek government assistance to blunt the impact of the virus and harsh measures like shelter-in-place orders aimed at slowing its spread. READ MORE
With industry leaders pushing hundreds of thousands of dollars into Facebook ad campaigns and posting every minute on Twitter, it is easy to become discouraged when it comes to venturing into social media marketing but the fact of the matter is: You need to start now. Small businesses everywhere are building their social media presence and managing successful campaigns. Here are five reasons why. READ MORE
The first wave of stimulus relief checks were deposited into some Americans’ bank accounts over the weekend, according to the IRS. Millions more can expect to receive theirs in the coming weeks as part of the $2.2 trillion stimulus bill passed to aid Americans suffering financially as a result of the coronavirus pandemic. To help taxpayers check the status of their payment, the IRS is rolling out a tracking tool called “Get My Payment” by April 17. The tool will also let users update their direct deposit information with the IRS. READ MORE
It has been a few weeks now that most Americans have been urged or ordered to stay home, limit nonessential travel, and avoid large gatherings and crowded places. Many are now working from home and use delivery to get groceries and other provisions. All these measures have led to the decline in congestion, according to transportation data company INRIX. READ MORE
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