https://www.slowtwitch.com/Opinion/Why_Can_t_I_Just_Get_a_Refund_And_Other_Emails_to_RDs_in_the_COVID-19_Era_7605.htmlI know we all love triathletes, but that is primarily about running events, from an RD. The only thing that isn't consistent with my experience as an RD is the timing side. We timed our own events, so we didn't incur that cost. That's basically where our margin was, and what would have been a timing fee or gone to a timing company instead went to a charity. We built our events to breakeven from entry fees, and used any sponsorship money and any profit to go to our charity partners.
We also did not charge our timing clients until after their events. We took a deposit that in most cases was about 20% of the expected charges and billed post-race. For the one event we had cancel, we refunded that.
One factor that is lightly mentioned in the article is the % of people that sign up in the last few weeks before a race, but the costs are incurred for the expected total people well ahead of time.
For example, for a May event planning 1,000 runners, we'd be sitting at maybe 50-60% of that number registered right now, 6-7 weeks out. However, we'd already have 1,000 medals, 1,000 shirts, 500 shirts for volunteers, on course nutrition, signage, awards, permit fees, insurance, course certification, marketing...And that insurance doesn't cover anything like this, and it's very possible/likely that an April or May event is actually in a hole at this point, in a normal year and the cash doesn't exist to give refunds. The registration fees have already been turned into medals that were ordered from China in November to make it onto a container ship before Chinese New Year (seriously, this is a factor. If you're a spring race, you need your medals to leave China before that because factories close).
We never had one of our races cancelled, but did have a client race cancel due to a flood. To try to help them out, we teamed up with another upcoming race and shared the burden on offering transfers to that race, and the cancelled race mailed shirts, medals, etc to the registrants. We had the advantage of being a connected retail, timing, and event operation, so we had our risk dispersed a bit on the event side. If we just had the events as stand alone, we'd have had a lot less options, and cash flow would have been a lot more painful.
I think it's reasonable to expect some type of discount or entry to another race if an alternate date isn't offered, and the race should make an effort to provide you with the items they've spent money on: shirt, medal, any swag, throw in some GU's, at least make the effort to show good faith if the cash has been spent.
For some clarification, I'm speaking in past tense as I've sold that business, but it is still operating successfully.