2020 was a difficult year for all, especially anyone interested in the entertainment and leisure sector, and former president Donald Trump’s own network of hotels and golf courses to ease the trend according to the former president’s final financials Were not able. Revealed that Business Insider’s reports last came hours after he left the White House.
The report deals with Trump’s businesses during 2020 and the first part of 2021 covering the remaining time in his office. During that time, the Washington, DC Trump International Hotel saw a 63 percent drop in revenue compared to the first, rising from $ 40.5 million in 2019 to $ 15.1 million in 2020 (plus the first half of 2021) at Trump International Hotel. Las Vegas saw a small but still significant dip from $ 23.3 million to $ 9.2 million over the same period.
Trump’s golf course did not fare much better than his hotels. His Doral Golf Resort in Miami saw a 43 percent drop in annual revenue from $ 77.2 million to $ 44 million, and Trump Turnberry in Scotland from $ 25.7 million to $ 9.8 million. Overall in the UK and Ireland, various golf courses owned by Trump saw a nearly 27 percent drop in revenue due to a large share of the coronavirus epidemic.
Not all of Trump’s businesses saw their revenue decline in 2020. Their retail business grew from $ 930,869 in 2019 to nearly $ 2 million in revenue, and the infamous Mar-a-Lago Club in Florida climbed from $ 21.4 million to $ 24.2 million. But his overall business income fell significantly during the final year of his presidency.
Some reported that Trump’s business interests represented a clear conflict of interests in office, particularly with debate over what economic measures were taken to combat the spread of COVID-19. Robert Maguire, Director of Research for Citizens for Responsibility and Ethics in Washington, said in a press statement:
“During the epidemic, President Trump’s decision to vary at every step was different from his knowledge of how it would affect his businesses. You saw a constant push towards opening things back as much as possible.”
If this was the case, the report suggests that it was still not enough to keep its revenue figures in most cases.
The financial disclosure also details the gifts Trump received during his last year as president. Ten gifts in all, an Apple Mac Book supporter from Apple CEO Tim Cook, a bomber jacket from Ford chief Bill Ford, and for some reason, an ultimate fighting championship belt.