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The Trump International Hotel in Washington, D.C., raked in more money than anyone expected in its first four months in 2017.
“The hotel initially expected to lose $2.1 million in the first four months of 2017,” according to The Daily Beast. Instead, the Hotel made almost made that number in profits, raking in $1.97 million, as The Washington Post reported.
Bjorn Hanson, a professor focused on tourism and hospitality at New York University, told The Daily Beast that luxury hotels typically operate at a cash flow loss in their first two years doing business. But the opposite was the case for Trump Hotel in Washington.
Many Trump Hotels have rebranded themselves recently as anything other than Trump due to protests outside the buildings that harm business and affect their bottom line.
The Trump International Hotel, situated halfway between the White House and the Capitol Building, also saw its fair share of protesters. But that didn't stop numerous conservative groups from visiting the hotel, hosting events and fundraisers there.
“We are very pleased with the performance of the hotel in its first full year of operation, not just financially but also with regards to the recognition of the high service standards achieved by our associates as indicated in the reviews and rankings on TripAdvisor, Expedia, Booking.com,” Patricia Tang, the hotel’s director of sales and marketing, told The Daily Beast.
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