New financial disclosures show how hard Trump's hotels have been hit amid pandemic
Presidents routinely file financial disclosures when they leave office, and forms recently submitted by former President Donald Trump show that 47 of his hotels, resorts, and other properties lost more than $120 million in revenue in 2020, The Washington Post reports.
The pandemic has hit the travel and hospitality industries hard, and two of Trump's most famous hotels struggled last year; the Trump International Hotel in Washington, D.C., which has a $170 million loan outstanding, saw its revenue drop more than 60 percent, while the Doral in Miami saw its revenue decline 44 percent. Trump's private Mar-a-Lago club in Palm Beach fared better — its revenue went up 13 percent.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
While Trump does still own his company, the Post notes, it's unclear if he plans on going back to running day-to-day operations. The Trump Organization's website still lists his eldest sons, Donald Trump Jr. and Eric Trump, as the company's leaders. Read more at The Washington Post.
-
One great cookbook: Joshua McFadden’s ‘Six Seasons of Pasta’the week recommends The pasta you know and love. But ever so much better.
-
Scientists are worried about amoebasUnder the radar Small and very mighty
-
Buddhist monks’ US walk for peaceUnder the Radar Crowds have turned out on the roads from California to Washington and ‘millions are finding hope in their journey’
-
Epstein files topple law CEO, roil UK governmentSpeed Read Peter Mandelson, Britain’s former ambassador to the US, is caught up in the scandal
-
Iran and US prepare to meet after skirmishesSpeed Read The incident comes amid heightened tensions in the Middle East
-
EU and India clinch trade pact amid US tariff warSpeed Read The agreement will slash tariffs on most goods over the next decade
-
Israel retrieves final hostage’s body from GazaSpeed Read The 24-year-old police officer was killed during the initial Hamas attack
-
China’s Xi targets top general in growing purgeSpeed Read Zhang Youxia is being investigated over ‘grave violations’ of the law
-
Panama and Canada are negotiating over a crucial copper mineIn the Spotlight Panama is set to make a final decision on the mine this summer
-
Why Greenland’s natural resources are nearly impossible to mineThe Explainer The country’s natural landscape makes the task extremely difficult
-
Iran cuts internet as protests escalateSpeed Reada Government buildings across the country have been set on fire
