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New Trump's mouth hurting his resort business

Late last year, in a Miami conference room, a consultant for President Donald Trump's company said business at his prized 643-room Doral resort in Florida was in sharp decline.

At Doral, which Trump has listed in federal disclosures as his biggest moneymaker hotel, room rates, banquets, golf and overall revenue were all down since 2015. In two years, the resort's net operating income — a key figure, representing the amount left over after expenses are paid — had fallen by 69%.

Even in a vigorous economy, the property was missing the Trump Organization's internal business targets; for instance, the club expected to take in $85 million in revenue in 2017 but took in just $75 million.

"They are severely underperforming" other resorts in the area, tax consultant Jessica Vachiratevanurak told a Miami-Dade County official in a bid to lower the property's tax bill. The reason, she said: "There is some negative connotation that is associated with the brand."

[...]

The troubles at Trump Doral — detailed here for the first time, based on documents and video obtained under Florida's public-records law — suggest the Trump Organization's problems are bigger than previously known. This is also the first known case in which a Trump Organization representative has publicly acknowledged the president's name has hurt business.

[...]

To explain the declines at Doral, the Trump Organization issued a statement to The Washington Post that implicitly contradicted its own tax consultant and blamed factors that had nothing to do with Trump's name. The company cited fears of the Zika virus in 2016, and hurricanes in 2016 and 2017, for driving tourists away from South Florida.

But the statistics provided by the company's consultants to Miami-Dade County — which are legally required to be accurate — showed competing resorts in the same region of Florida still outperformed the Trump resort in the key metrics of room occupancy and average room rate.




https://www.chicagotribune.com/business/ct-biz-wp-trump-organization-doral-resort-problems-20190515-story.html




Satan (impatiently) to Newcomer: The trouble with you Chicago people is, that you think you are the best people down here; whereas you are merely the most numerous.
- - - Mark Twain, "Pudd'nhead Wilson's New Calendar" 1897
New His supporters know the truth
This is just what a good businessman does: Downplay your success to the tax man.
--

Drew
New revenue is up on his DC hotel
"Science is the belief in the ignorance of the experts" – Richard Feynman
New Is it up more or less than other nearby hotels are up?
--

Drew
New no idea, just a comparison of his financials that were released
"Science is the belief in the ignorance of the experts" – Richard Feynman
New Only up 1% over 2017
I read elsewhere that a lot of conservative groups are patronizing it now, which leads me to believe that others aren't.
Regards,
-scott
Welcome to Rivendell, Mr. Anderson.
New That's been in the news for a couple years already:
Saudis (and probably representatives of other lickspittle regimes) renting a bazillion rooms for their lobbying envoys. Wanna bet they're not making damn sure he knows it, too?
--
Christian R. Conrad
Same old username (as above), but now on iki.fi

(Yeah, yeah, it redirects to the same old GMail... But just in case I ever want to change.)
New Emollients Center? :)
Where you can visibly grease palms.
Alex

"There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge."

-- Isaac Asimov
New +5, Punterrific ;^>
New Drew's question applies here too.
From the article quote:
To explain the declines at Doral, the Trump Organization issued a statement to The Washington Post that implicitly contradicted its own tax consultant and blamed factors that had nothing to do with Trump's name. The company cited fears of the Zika virus in 2016, and hurricanes in 2016 and 2017, for driving tourists away from South Florida.
So, how much did the Zika virus and the hurricanes affect other hotels in South Florida?
--
Christian R. Conrad
Same old username (as above), but now on iki.fi

(Yeah, yeah, it redirects to the same old GMail... But just in case I ever want to change.)
New Exactly (too..) Nice that the brain-eating organisms haven't infiltrated Us endangered species..
     Trump's mouth hurting his resort business - (lincoln) - (10)
         His supporters know the truth - (drook)
         revenue is up on his DC hotel -NT - (boxley) - (6)
             Is it up more or less than other nearby hotels are up? -NT - (drook) - (2)
                 no idea, just a comparison of his financials that were released -NT - (boxley) - (1)
                     Only up 1% over 2017 - (malraux)
             That's been in the news for a couple years already: - (CRConrad)
             Emollients Center? :) - (a6l6e6x) - (1)
                 +5, Punterrific ;^> -NT - (Ashton)
         Drew's question applies here too. - (CRConrad) - (1)
             Exactly (too..) Nice that the brain-eating organisms haven't infiltrated Us endangered species.. -NT - (Ashton)

I bumped into a dot.
65 ms