2021 sales: $43 million
Previous ranking: 50
Employees: 60
4800 Cox Road, Suite 200
Glen Allen, VA 23060
Phone: (804) 747-7077
Website Executives
PRESIDENT/CEO: Josee Covington
CFO/CHIEF INFORMATION OFFICER: W. Paul Covington
Company facts
* Travel management company that also offers vacation-planning services.
* 2021 sales split of 76% corporate travel, 21% leisure, 3% other.
* Privately held, majority-owned by Josee Covington.
2021 developments
* Decided to keep corporate agents home-based for the foreseeable future. Much of the in-office staff started working hybrid schedules in September.
* Rehired employees as business picked up.
* Increased frequency of communication to customers to keep them apprised of the rapid changes to supplier policies.
* Worked with corporate customers to manage unused tickets.
* Company’s line of credit, established in 2020, luckily remains untapped.
Looking ahead
* Has seen a strong rebound in leisure travel and meetings/incentives.
* Corporate activity has been picking up steadily since mid-February.
* Expects to be at least 80% of 2019 sales by the third quarter.
NOTE ABOUT COVINGTON TRAVEL'S RANKING: Some Power List companies
have resubmitted their numbers, which have resulted in changes in the
rankings. Read more about those changes.