Trump Turnberry returns to pre-Covid trading but losses widen
Donald Trump's luxury Trump Turnberry resort in Ayrshire has reported a return to pre-Covid trading levels in its latest financial results, however losses continued to widen.
Golf Recreation Scotland, the parent company of the 192-bedroom resort bought by the former US president in 2014, reported turnover of £13.12m for the year to 31 December 2021, compared to £6.73m the prior year. Despite this, the resort recorded a pre-tax loss of £14.73m, compared to £5.29m in 2020.
Trump Turnberry was closed for the first three months of the financial year due to Covid-19 restrictions, reopening in April 2021, and has since returned to pre-Covid levels of trading, according to documents filed with Companies House.
On reopening, director Eric Trump said there was a "significant" increase in staycation bookings and management was confident this would help grow the domestic market segment in the coming years. Although, the report confirmed that the business had not been immune to Brexit-related supply chain, staffing and inflationary challenges.
Following strong demand in 2021 and with many weddings and functions rescheduled to 2021 and 2022, directors expressed confidence that "the future of the resort is strong" as well as plans for further investment in the venue.
The filings also detailed that, as of January 2022, the resort has terminated its franchise agreement with Starwood Hotels & Resorts and now fully operates under the Trump Hotels brand.
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