Post COVID-19: The Trinity Initiative by The Moodie Davitt Report and Bain And Company
A great example of bright minds and voices converging preparing for the post-COVID-19 recovery is the Trinity Initiative. This collaboration is an invitation for airports, retailers and brands to join in a conversation about the new commercial model.
The white paper is currently open to industry questions and comments. To see this calibre of collaboration and expertise in a time of need fosters confidence in the rebound system particularly with the emphasis on an equitable and viable approach. Each stakeholder has an opportunity to contribute to the script that will shape the future culture and success of this wonderful industry that we are all so committed to.
Some IATA Insights
IATA has recently changed the impact assessment from being less than the Global Financial Crisis (GFC), to double that of the GFC. This chart assumes a three-month lockdown and $315 Billion in lost passenger revenues.
From a labour market standpoint, each of the 2.7M jobs in aviation support an average of 24 jobs in the wider economy or approximately 70M jobs in such sectors as tourism, hospitality, travel retail, ground transportation.
SPARK is still holding to the forecast that the timeline for reaching the 2016 IATA forecast of doubling air travellers by 2035 will be extended by the two to a three-year recovery period. In a survey measuring customer confidence and the likelihood of travelling again, only less than 5% responded that they would not travel in the foreseeable future.
The Back To Work Plan presented by Bain and Company suggests an “Advance, Retreat, Adapt, Repeat” call to action. You can find more detail here: https://www.bain.com/insights/covid-19-back-to-work-advance-retreat-adapt-repeat/
These macro-level dynamics will likely not line up perfectly or in order before the micro-level planning will need to begin for shop floors open again. The urgency for understanding the new consumer and the new staff is front and centre in all planning.
SPARK Careers in Travel Retail Virtual Information Session
Travel Retail offers diverse and dynamic career paths in the duty-free areas of airport terminals, cruise ships and international border shops where global retailers and global brands depend on aspiring professionals. SPARK is committed to raise awareness and to educate
Moodie Davitt Virtual Travel Retail Expo
Moodie Davitt Virtual Travel Retail Expo We are happy to announce our participation at the inaugural Moodie Davitt Virtual Travel Retail Expo. The Expo – which takes the form of a ‘live’ 5-day event followed by a 30-day showcase –
Airport Update – May 2020
Airport Update - May 2020 With substantial support from the government, most Canadians whose employment is affected by COVID-19 are supported through various initiatives for a lay-off period of up to 16 weeks. We are staying tuned to updates that
Post COVID-19: The Trinity Initiative
Post COVID-19: The Trinity Initiative by The Moodie Davitt Report and Bain And Company A great example of bright minds and voices converging preparing for the post-COVID-19 recovery is the Trinity Initiative. This collaboration is an invitation for airports, retailers
Recent Posts
How can we accelerate Travel Retail’s recovery?
By delivering premium omnichannel customer experiences The 2020 global pandemic is a defining moment in world history from a health standpoint and from an economic standpoint. Among the travel restrictions and border closures international
SPARK Careers in Travel Retail Virtual Information Session
Travel Retail offers diverse and dynamic career paths in the duty-free areas of airport terminals, cruise ships and international border shops where global retailers and global brands depend on aspiring professionals. SPARK is committed to
Moodie Davitt Virtual Travel Retail Expo
Moodie Davitt Virtual Travel Retail Expo We are happy to announce our participation at the inaugural Moodie Davitt Virtual Travel Retail Expo. The Expo – which takes the form of a ‘live’ 5-day event followed
Airport Update – May 2020
Airport Update - May 2020 With substantial support from the government, most Canadians whose employment is affected by COVID-19 are supported through various initiatives for a lay-off period of up to 16 weeks. We are
Post COVID-19: The Trinity Initiative
Post COVID-19: The Trinity Initiative by The Moodie Davitt Report and Bain And Company A great example of bright minds and voices converging preparing for the post-COVID-19 recovery is the Trinity Initiative. This collaboration is
Post COVID-19: The Rebound
Post COVID-19: The Rebound In our previous SPARK Travel Retail Market Update, we estimated a two-year recovery period to reach 2019 passenger levels. The rebuilding blocks for travel retail on the supply side still rest
Post COVID-19: Staff Fundamentals
Post COVID-19: Staff Fundamentals An astounding by-product of unprecedented chaos and uncertainty is the predictability that the strength of the human spirit will shine. The human condition beautifully designs mankind to get along and to
Post COVID-19 Consumer Behaviour
Post COVID-19: Post Pandemic Consumer Behavior It was an amazing privilege to have a conversation with Martin Moodie on the topic of consumer behaviour in support of the Moodie Davitt podcast series In Crisis –
May 2020 Travel Retail Market Update
May 2020 Travel Retail Market Update Amid the current COVID-19 crisis we are all the more committed to standing with our peers and advocating for our workplaces by sharing another collection of Market insights. With