Many of Trump’s Major Revenue Generating Properties Closed Due to Coronavirus
Several of President Donald Trump’s properties around the world have been closed due to the Covid-19 global pandemic. The shuttered properties include many of his company’s highest revenue generators, as the Washington Post‘s David Fahrenthold pointed out on Twitter.
“What happened before Donald Trump called for re-evaluating lockdowns? His company had to close 6 of its top 7 revenue-generating clubs and hotels,” Fahrenthold said.
The journalist, who is also an MSNBC contributor, pointed out on Tuesday that Coronavirus has had a major impact on Trump’s key properties.
“I didn’t realize until today how corona closures have hit Donald Trump’s biggest revenue generators,” Fahrenthold said. “Six out of the top seven. (And the one that’s open is doing pretty bad, too).”
I didn’t realize until today how corona closures have hit @realdonaldtrump’s biggest revenue generators. Six out of the top seven. (And the one that’s open is doing pretty bad, too). pic.twitter.com/9i6Sn97udm
— David Fahrenthold (@Fahrenthold) March 24, 2020
“One odd thing about Trump’s hotel/golf empire is that he’s unusually dependent on a handful of properties,” Fahrenthold explained.
“Doral alone produces $75m a year — more than his DC, Chicago, Vancouver, Waikiki, Aberdeen and Vegas hotels *combined.* The county has now shut Doral down.”
Trump is reportedly itching to end the measures currently in place to contain the spread of Coronavirus, ostensibly because of the impact on the economy. Some saw more selfish motivations at work, however.
Weird that he's itching to get business back to normal, so weird. https://t.co/JbaQg9fNyh
— Kevin M. Kruse (@KevinMKruse) March 24, 2020
Getting ‘business back to normal’ would fly in the face of expert medical advice and it would be the opposite of what other affected countries are doing. The United Kingdom went into effective lockdown on Monday, with Prime Minister Boris Johnson telling his people: “You must stay at home.”