The president, in case you forgot, isn’t just a political leader. He’s not only looking out for advancing the interests of the average American, if he’s even looking out for them at all. Rather, he also has his personal business interests to worry about.
Precedent and the law demanded that Trump separate himself from his businesses upon taking office, but he declined to do so, instead simply handing off executive control of them to his two adult sons.
Now, there’s a new report out from The Telegraph about Trump-branded hotels which may explain some of the president’s apparent desperation to score even the smallest victory.
According to a report from the publication, room rates at all but one of Trump’s hotels have fallen dramatically, in one case by 63 percent.
In that case, in January of this year, it cost around $844 to book a two night stay at Trump Las Vegas, but to book the same stay for next January, it only costs about $314.
The dramatic drops aren’t confined to just a handful of Trump’s properties, either. The average rate to book a two night stay at the Trump Turnberry resort in Scotland dropped by 57 percent since January 2017, and the average rate to book a two night stay at Trump National Doral Miami dropped by 53 percent since January 2017.
At Trump’s infamous Washington, D.C., hotel, frequented by political interests and pointed to as a potential conflict of interest creator, the cost to book a two night stay dropped by about 52 percent since January 2017.
The only Trump property to actually see rates increase since January of this year is Trump Doonbeg, which is in Ireland. In between January 2017 and January 2018, rates to stay there for two nights grew by about seven percent.
A full listing is below — the monetary values are in pounds, but you can see the percentages to the right, for reference.
Even though rates have gone up at Trump Turnberry, just last month, Bloomberg reported that the golf course was losing large amounts of money, even though the belligerent businessman turned president has now put a reported combined $200 million into Trump Turnberry and his other course in Scotland, near Aberdeen. In 2016, Trump Turnberry reportedly posted a loss of $23 million. Thus, the moderately increased rates might be a last ditch effort to save the property.
It’s the course near Aberdeen, for the record, that has been the reason for Trump arguing against offshore wind turbines that he says “spoil his view,” in the description of Forbes.
There’s really little way to get around the fact that it’s Trump’s belligerence that is sinking the viability of his hotels.
As Telegraph Travel’s consumer editor Nick Trend put it:
‘Like airfares, rooms rates are not fixed – they are determined by supply and demand and can change from day by day. Hotels cut them when sales are weak, so a drop in average room rates must reflect a fall in demand for Trump hotels… [I]t seems likely that many potential guests have been put off by the association with the controversial policies, tweets and opinions of the current US president.’
If Trump had either business or political sense, he’d get himself under control, but nobody really expects him to do anytime soon.
Featured Image via Kevin Dietsch-Pool/Getty Images