It’s more bad news for Donald Trump and his presidency’s impact on his business empire, as it has emerged the average price of a room at Trump hotels across the world have dropped by as much as 64% in some locations.
Just over 300 days after becoming the 45th US President in January, the price of a luxury room at his hotels has dropped by an average of 20 per cent, FairFX reveals.
Out of 13 Trump hotels and resorts researched around the world, the cheapest room can be found at Trump Las Vegas, where prices have dropped to £232 for two nights. This is over £400 cheaper for the same room type than in January, a 64% reduction. The second least expensive room is at the Trump Panama, priced at £234, a 32% decrease since January.
The most expensive room is the Trump Townhouse at £37,907, however this will cost £10,000 less than during inauguration weekend. Two night stays at the Trump Vancouver, Canada, at Macleod House and Lodge in Scotland, at Trump Doonbeg in County Clare Ireland or at the Trump Doral in Florida will fall just short of £400.
The average cost for the best available room this weekend is down by £1,374 since January from £6,821 to £5,447, a 20% decrease since Trump’s inauguration.
Ian Strafford-Taylor, CEO of FairFX, said: “When it comes to holidays timing is everything, and just 300 days after Trump’s inauguration, prices for a weekend in one of his hotels have for the most part decreased.
“Whilst the big events, like the inauguration in Washington, will usually cause prices to rise in that city for a particular weekend, the decreases in other places suggest that it doesn’t necessarily pay to be presidential.”