The president of the United States has suffered his own personal ‘Trump Slump’ as the average room rates at all but one of his hotels have dropped.
At Trump Las Vegas, the average price for a two-night stay in January 2018 is £237, down 63% from £637 in January this year.
At Trump Turnberry, in Ayrshire, Scotland, a 57% reduction in price means a room in January 2018 will cost on average £215 compared to £498 last January, when he was inaugurated.
Trump New York has seen rates drop 32% to £682 for two nights while Trump Vancouver has seen a 48% reduction in price from £704 to £365 for two nights.
The only Trump hotel to go up in price when comparing January prices against a year earlier was Trump Doonbeg, in Ireland, which saw average rates go up 7% to £357 for two nights.
President Trump, who was elected in November 2016, has 13 hotels in total.
The analysis was carried out by currency provider FairFX which, according to the Daily Telegraph, said the drop in prices was due to a widespread fall in demand as well as travellers being put off by Trump’s controversial policies.
“One year after Trump’s inauguration, prices for a weekend in one of his hotels have for the most part decreased,” said Ian Strafford-Taylor, FairFX CEO. “While 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 president.”