Donald Trump securing the Republican nomination has come at a high cost to his hotel business.
Trump has run a campaign asking voters to have confidence in a potential presidency because of his business acumen. However, bookings at his line of hotels have declined dramatically since the blustery real estate heir launched his campaign for the presidency.
According to data from Hipmunk, Trump’s hotel bookings have dropped by an average of 59 percent compared to the last year, almost directly in line with when he entered the race and began attracting international attention for his racist and sexist remarks on the campaign trail. Meanwhile, other hotels saw a rise in sales compared to last year, showing this is not merely part of an industry-wide trend.
Trump’s luxury hotels, particularly in New York and Las Vegas, are seeing steep declines in reservations when comparing the first quarter of 2016 to the first quarter of 2015.
Hipmunk’s data showed that in the first quarter of 2015, Trump hotels held 1.7 percent of all hotel bookings in the cities that house them. But in the first quarter of 2016, that number dropped to just 0.7 percent of all hotel bookings. While that may not sound like much, the decline becomes much more apparent in the below graph:
In June, when Trump began his campaign with a simultaneous slight denigrating virtually all Mexican immigrants as rapists and drug dealers, Latino groups called for a boycott of all of Trump’s businesses, which continues today. While Trump boasts about the notoriety of his brand, many have come to view his brand as synonymous with racism, sexism, Islamophobia, and hatred.
As the billionaire continues his march as the Republican presidential
nominee toward the November general election, his businesses may
continue their sharp decline.
Tom Cahill is a writer for US Uncut based in the Pacific Northwest. He specializes in coverage of political, economic, and environmental news. You can contact him via email at tom.v.cahill@gmail.com.
Trump has run a campaign asking voters to have confidence in a potential presidency because of his business acumen. However, bookings at his line of hotels have declined dramatically since the blustery real estate heir launched his campaign for the presidency.
According to data from Hipmunk, Trump’s hotel bookings have dropped by an average of 59 percent compared to the last year, almost directly in line with when he entered the race and began attracting international attention for his racist and sexist remarks on the campaign trail. Meanwhile, other hotels saw a rise in sales compared to last year, showing this is not merely part of an industry-wide trend.
Trump’s luxury hotels, particularly in New York and Las Vegas, are seeing steep declines in reservations when comparing the first quarter of 2016 to the first quarter of 2015.
Hipmunk’s data showed that in the first quarter of 2015, Trump hotels held 1.7 percent of all hotel bookings in the cities that house them. But in the first quarter of 2016, that number dropped to just 0.7 percent of all hotel bookings. While that may not sound like much, the decline becomes much more apparent in the below graph:
In June, when Trump began his campaign with a simultaneous slight denigrating virtually all Mexican immigrants as rapists and drug dealers, Latino groups called for a boycott of all of Trump’s businesses, which continues today. While Trump boasts about the notoriety of his brand, many have come to view his brand as synonymous with racism, sexism, Islamophobia, and hatred.
Tom Cahill is a writer for US Uncut based in the Pacific Northwest. He specializes in coverage of political, economic, and environmental news. You can contact him via email at tom.v.cahill@gmail.com.
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