Donald Trump’s golf course in Aberdeenshire, Scotland, faced a challenging year in 2023 with increasing losses despite a rise in turnover. The 11th consecutive year of losses reached £1.4 million, nearly double the previous year’s figure. The total deficit for Trump International Scotland now stands at over £16 million. The directors, Donald Jr. and Eric Trump, remain committed to their vision for the property, anticipating positive fiscal improvements in the future.
Despite the financial struggles, the Trump family is moving forward with plans to open a new 18-hole course next summer. Sales have increased in various revenue streams, particularly in retail, food, and beverage. The business has invested significantly in tournament marketing and energy costs, aiming for enhanced revenue performance in the coming years.
On the other hand, the family’s Turnberry resort in South Ayrshire experienced a surge in profits, marking the second consecutive year of profitability after seven years of losses. Although total turnover slightly decreased, golf revenues saw a 35% increase compared to the previous year. Turnberry made headlines by announcing premium fees of up to £1,000 per round on its Ailsa course, making it the most expensive in the UK for non-hotel guests playing before 1pm.
Donald Trump’s financial interest in Turnberry remains, despite stepping down as a director when he became US president. The resort has seen positive financial results, indicating a different trajectory from Trump International Scotland. The contrasting performances of these two properties owned by the Trump family highlight the diverse challenges and opportunities in the golf and hospitality industry. As both locations navigate economic uncertainties and market fluctuations, their strategic decisions will shape their future success and sustainability.
