46 | Cain Travel

Cain Travel
Gross sales decrease in 2020: 66% to 70%
Employees: 40

2990 Center Green Court
Boulder, CO 80301
T (303) 443-2246
Website

Executives

CEO: Linda Cain
PRESIDENT: Michael Cain
EVP BUSINESS DEVELOPMENT: Andrew Hohlfelder
CFO: Patrick McCurdy
EVP OPERATIONS: Jan Walden

Company facts

Private company majority-owned by Linda Cain.

Sales mix: 80% business, 5% leisure, 15% other.

Pandemic response

Instituted furloughs to control costs.

Reduced all expenses by 25.

Invested in new software development and purchased new software solutions to improve service levels.

Utilized Paycheck Protection Program to retain staff.

Pivoted to areas of the economy where travel continued.

Intensified sales efforts.

Looking ahead

Anticipates slow growth until beginning of Q3, when domestic travel is expected to rebound.

International travel expected to resume in either Q4 or start of 2022.

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