Hotels

Trump Turnberry hotel swings to £10.7m loss in 2018

The Donald Trump-owned Turnberry resort in Scotland made a loss of £10.7m in 2018, according to recently published accounts on Companies House.

Turnover increased to £18.41m, but it marks the fifth year in a row that hotel has posted a loss, after seeing losses of £3.4m for the year ending 31 December 2017.

Since Trump took over Turnberry in 2014, its losses now total £43m, however the directors said they believe the profitability of the resort will “continue to grow over the short to medium term”.

Eric Trump, executive vice president at the Trump Organisation, said: “Trump Turnberry achieved tremendous success in 2018 as the property recorded its highest annual revenue (turnover) in the resort’s stories 113 year history.

“Now in its fifth full operating year under Trump Hotels ownership. Trump Turnberry has established itself as Scotland’s premier destination for luxury travel, championship golf and special events.”

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