Former Republican president Donald Trump is facing a major problem. His golf courses appear to be “struggling to attract customers,” according to a new, devastating report by Newsweek.
According to the famous magazine, Trump is offering steep discounts online in an effort to attract customers. The basement prices have reportedly done little to attract customers.
“There appears to be close to full availability for tee times at Trump National Doral Golf Club in Miami on Sunday, with 93 slots listed at the time of writing, according to its website. For some of those tee times, the club is offering discounts between $11 and $45. It comes amid wider reports that the Republican’s golf businesses are struggling,” Kate Plummer of Newsweek wrote.
According to financial statements obtained by Newsweek, Trump National Doral made $4.3 million in profit on $75 million in revenue in 2017. However, revenue fell to less than $45 million in 2020.
Newsweek also cited a New York Times report from 2020 in which Trump lost over $315 million on the 15 golf courses he owns around the world.
“However, Trump’s FEC disclosures showed him earning as much as $555 million through his golf course assets between January 2022 and April 14, 2023, Sportico reported earlier this year—roughly half of the $1.2 billion in income he specified as having received during that time period,” Plummer wrote.
[Newsweek]
