Trump Hotels’ Top Room Rates Down 25% in Past Year, Report Shows
- Rates for lower-end rooms declined even more sharply, down 35%
- Hotel owners in New York and Toronto have moved to rebrand
The Trump International Hotel stands in Las Vegas.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Room rates at hotels bearing Donald Trump’s name have dropped sharply during his first year in the White House.
The average rate of the most expensive rooms in Trump hotels has decreased 25 percent since last January, according to a study of 11 Trump-branded properties conducted by FairFX Group Plc, a U.K.-based provider of currency services for travelers. Rates for lower-end rooms took an even bigger hit, falling 35 percent, the study showed.