The economic upheaval of the Coronavirus pandemic has had a majorly negative impact on President Donald Trump’s own businesses, according to a new report from The Washington Post. In March, four out of the five top-performing hotels in the Trump Organization’s portfolio shut down and stayed shuttered through May amidst economy-wide shutdowns meant to try and stem the spread of the Coronavirus. Those closings were in Miami, Las Vegas, Scotland, and Ireland, and a total of twelve Trump Organization-owned properties in just the United States and Canada have either furloughed or fired workers. The situation is so desperate that at Trump’s Chicago hotel, administrators “turned off lights in common areas… to save on electricity,” according to the report from the Post.
How the pandemic has hit Trump Org: Thousands of empty hotel rooms, more than 2,800 laid-off and furloughed employees, and elimination of flowers, chocolates and newspapers at its New York hotel – via @partlowj @Fahrenthold @OConnellPostbiz https://t.co/Weyjtbjxpr
— Seung Min Kim (@seungminkim) June 12, 2020
As The Washington Post outlines:
‘With thousands of Trump’s hotel rooms empty, the company laid off or furloughed more than 2,800 employees and scoured for even the smallest savings. It eliminated flowers, chocolates and newspapers at its New York hotel and turned off lights in common areas in its Chicago hotel to save on electricity, according to letters that hotel management sent to investors.’
Overall, over 2,800 employees across Trump’s properties have been either furloughed or outright fired amidst the widespread Coronavirus-induced closures, as the report outlines. At his Doral property, which is in southern Florida, the Trump Organization initially furloughed 560 employees. Management then revealed that at least 250 of those jobs would not be coming back.
Thanks to the closures across the Trump Organization’s properties, the Post estimates that the president’s business missed out on tens of millions of dollars in revenue that they’d have gotten if business had proceeded as normal, and there’s a chance that demand in the hospitality industry could be very slow to get back to pre-pandemic levels. There are still serious concerns about the potential danger of large gatherings — at some theme parks, for example, guests are required to wear face masks.
The furloughs and lay-offs at the Trump Organization are part of a much larger economic calamity that has struck the United States as authorities rushed to institute the closures that health experts said would be necessary to stem the spread of the Coronavirus. Across ten recent weeks that unfolded amidst the height of the shutdowns, over 40 million people newly filed for unemployment benefits, representing absolutely staggering job loss.
Trump has responded to the crisis at his company by lauding his business for not taking handouts from the government to assist in their operations. As he proudly tweeted in response to a post about his Doral resort opening back up:
‘And the Trump family didn’t ask the Federal government for money to carry this and many other very expensive to carry properties!’
The Trump family seemingly could not have asked for money, because they were specifically excluded from eligibility for at least a significant portion of the pandemic-connected business bailout money. The president and his business don’t get points for not trying to break the law.
Notice how Trump hasn't offered up any of his hotels — for troops, or for coronavirus sufferers and healthcare workers?
— Jennifer Mascia (@JenniferMascia) June 5, 2020
When the pandemic clears, the Trump Organization will still have to grapple with the fact that increasingly small portions of the population are willing to patronize a Trump-branded establishment.
Sen. Mike Lee is basically demanding D.C. put up his constituents in a luxury hotel, on the city's dime, at Trump's request. https://t.co/qSz1SEUOTh
— Will Sommer (@willsommer) June 6, 2020