Revenue fell at Trump’s Palm Beach properties in 2018

Revenue at Mar-a-Lago totaled $22.7M in 2018, down from $25.1M the year before
May 17, 2019 11:30AM

President Trump and Mar-a-Lago (Credit: Getty Images)

President Trump and Mar-a-Lago (Credit: Getty Images)

President Trump’s Palm Beach County businesses lost $3.6 million last year, according to newly released financial disclosure forms.

Mar-a-Lago reported the biggest drop in revenue, down 10 percent year-over-year to $22.7 million in 2018, according to the Palm Beach Post. The report, filed with the Office of Government Ethics on Thursday, only shows asset values in ranges and does not include profits or losses. But it does show a year-over-year comparison between the first two years of Trump’s presidency.

In Palm Beach County, Trump’s income totaled $48.6 million last year, down nearly 7 percent year-over-year from $52.2 million in 2017. At Trump National Golf Club in Jupiter, revenue was $13.5 million in 2018, down from $14.6 million in 2017. At Trump International Golf Club in West Palm Beach, revenue dropped by $500,000 to $12.3 million in 2018.

The drop in revenue at Mar-a-Lago could be due to the cancellation of more than 20 charity events at the president’s private club after he made comments about the white-supremacist rally in Charlottesville, Virginia in 2017.

Only at Trump National Doral Miami, revenue increased by about $1.2 million to $75.9 million. That could be because the resort reported a drop in revenue and a decline in net operating income between 2015 and 2017, according to the Washington Post.

At Trump’s hotel in Washington, D.C., revenue rose by 1 percent, and at his golf courses in Bedminster, New Jersey, and in Northern Virginia, revenue also rose. [Palm Beach Post]Katherine Kallergis