Washington, Las Vegas, Mar-A-Lago Club, Palm Beach, Covid-19 Locdowns, Trump International Hotel

Washington, Las Vegas

Trump resort revenue plunged during coronavirus pandemic

Former US President Donald Trump's family businesses took a revenue hit last year due to Covid-19 restrictions and lockdowns

1/22/2021 5:15:00 AM

Former US President Donald Trump's family businesses took a revenue hit last year due to Covid-19 restrictions and lockdowns

Former US president Donald Trump's 2020 financial disclosure showed that his family business has been ravaged by pandemic shutdowns, with revenue plunging more than 40 percent at his Doral golf property.

Some of former President Donald Trump's most high profile hospitality assets took a revenue hit last year as Covid-19 lockdowns hurt business.For example, the Trump International Hotel in Washington, D.C., brought in $15.1 million in revenue in 2020 and the first three weeks of 2021, according to Trump's disclosure. That is down 62.7 percent from 2019, according to his 2019 disclosure.

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The circumstances were similar at Trump property in Las Vegas, which saw revenues decline 60.5 percent to $9.2 million and at his Florida golf course, Trump National Doral, revenue down 42.7 percent to $44.2 million.A rare bright spot was Trump's Mar-a-Lago club in Palm Beach, Florida, where he is expected to spend most of his time post presidency. Revenue at that property, which Trump frequently used to host political allies and foreign dignitaries, climbed 13 percent year-on-year to reach $24.2 million.

 Could Trump's Mar-a-Lago mansion become the 'southern White House'?Trump refused to release his tax returnsThe regular financial disclosures Trump was required to file as president offer one of the fullest glimpses into the billionaire businessman's finances, as Trump steadfastly refused to release his tax returns, despite it being common practice for prior presidents. headtopics.com

His final disclosure spanned 79 pages and detailed everything from his varied property holdings to how much he received in pension payments as a member of the Screen Actors Guild. It also included a number of gifts Trump received as president, including an Ultimate Fight Championship belt, valued at $650, from Colby Covington, a Trump-friendly fighter.

It also details a number of sizeable liabilities owed by Trump's businesses, including five separate lines of credit worth at least $50 million apiece.Most of the debt disclosed by Trump is due to mature within the next four years. Read more: TRT World »

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They might have to put him on income support 👀