The top luxury travel agency, Virtuoso, says it will no longer consider Trump Hotels to be a “preferred partner,” a blow to the Trump Organization which is already reeling from the effects of the COVID-19 pandemic and the failed, one-term former president’s role in the January 6 riots at the U.S. Capitol which left five dead, including a Capitol police officer.
According to Luxury Launches:
“This bears awful news for the ten hotels that operate under the Trump brand. Virtuoso is the travel industry’s most prominent and undisputed player, with a far-reaching global network of more than 1,100 agencies involving 22,000 advisers in over 50 countries. Virtuoso works on the motto ‘the best of the best.’ This quiet elimination of all 10 Trump-branded hotels and resorts from its list of preferred partners will lead to severely hamper Trump’s hotel management and licensing business, which is already down $24 million since 2019, as well as his golf resorts in Miami and Europe, which are down another $120 million.”
Why exactly did Virtuoso drop Trump Hotels from their list of partners? According to Misty Belles, the managing director of global public relations for Virtuoso:
“We consider many variables when reviewing both existing and new network participation. Out of respect for all involved parties, and as a general policy, we do not share comments regarding our nonrenewal and exit decisions.”
This latest news comes as recent reports have suggested that Trump Organization could be on the verge of complete financial collapse, due partly to a downturn in the travel and hospitality sector and also as a result to bad management (the company is run by Trump, along with his three eldest children, Don Jr., Ivanka, and Eric, all of whom are among the most inept business owners on the face of the planet.
Additionally, the former president is also facing major legal threats from multiple jurisdictions, among them Georgia, the District of Columbia, and New York,
It’s beginning to look like Donald Trump may soon be broke and incarcerated. No one is more deserving of that fate than him.