Trump and his suffering businesses in the U.S have been widely covered. Unfortunately for the former President of the United States, the take is just as saddening in other parts of the world too. Trump Turnberry, a Luxury Collection Resort, Scotland, has claimed over $4 million in U.K. government furlough money. Covid-19 didnt spare Donald Trump’s iconic Washington DC hotel and toppled him off the list of Forbes’ 400 list of richest Americans for the first time in 25 years. As per reports, Trump’s Scottish golf courses had combined losses of more than $8 million last year.
A turnover of nearly $9 million in 2020 was met with almost $7.5 million worth of losses as well. On becoming the 45th President of the U.S, Trump handed operations of the resorts to his sons Donald Junior and Eric, who seemed somewhat optimistic for the future despite revenue from both courses plummeting.
He said, “Restrictions on inbound travel and with many weddings and functions rescheduling to 2021 and 2022, there is the confidence that the future of the resort is strong. Ownership remains fully committed to the resort. Future plans are set to enhance the resort further maintaining Trump Turnberry as Scotland’s premier destination for luxury travel, championship golf, and special events.’
The ex U.S. President’s resorts at the Menie Estate in Aberdeenshire have suffered a similar fate. According to Daily Mail, in his director report for the Menie Estate, Eric Trump said, ‘Trump International continues to rank highly in the world golf rankings and plays an important part in the global Trump portfolio.
The unpredictable nature of Covid-19 makes it difficult to predict how the company’s business and operations will be affected going forward. He continued, “In the short-term management expects an increase in 2021 turnover compared to 2020. Strategies put in place in response to the challenges of the pandemic in the short and medium-term are expected to reflect positively on the business.’
[Via – BBC]