Donald Trump’s Properties See Slowdown In Coronavirus Travel Shutdown

The hotel industry’s jobs quarantine appears to have spread to the President’s properties. 

Job postings at the Trump Hotels fell in mid-March by more than 50%, according to Thinknum Alternative Data, putting cuts to listings on par with chains like Marriott and Hilton – and underscoring the severity of the pandemic.

Many of US President Donald J. Trump’s properties already shut down in compliance with local health ordinances, but there remain a few in operation. This includes locations in Chicago, Miami and Washington, USAToday reported over the weekend. 

Even where hotels are operational, it’s unclear they’re making much – with rooms available for as little as $236 a night, as of Monday March 23, the margin has slimmed quite a bit. 

Trump said his properties, which he ceased to lead when he assumed the Presidency, are likely to take a hit, no different than the biggest hotel companies in the space. 

“It’s hurting me and it’s hurting Hilton and it’s hurting all of the great hotel chains all over the world,” Trump said in a pandemic briefing Saturday, March 21. “Sure, it hurts my business.”

Trump’s comparison here is accurate: Hilton, Hyatt, Marriott and other travel industry leaders also had to slash job postings, as they face prolonged shutdowns at locations all over the world and the prospect of severely reduced demand in a future that’s difficult to plan for and nearly impossible to forecast.

If and when the House, Senate, and the President come to agreement on an aid package that supports the hotel industry, it’s also possible that the industry’s job postings will return to their old trajectory. 

The hotel business is in line with cruise companies, casinos and airlines each clamoring for federal funds to provide temporary support in the wake of the exogenous shock of the pandemic. 

Whether or not hotels are a part of a federal funding package remains to be seen – Monday March 23, the market slipped in late-day trading after it became apparent that legislation is unlikely to be agreed upon by lawmakers and sent to the President’s desk in the immediate future. 

And while it may pain hotel executives to have to arrive on Capitol Hill hat-in-hand, the silver lining remains that their businesses, and the Presidents, face similar challenges. 



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