Trump Hotels to Develop New Brand
Trump Hotels has announced a new hotel line called Scion. In a press release, the company describes the Scion brand as “a multi-faceted lifestyle brand developed in response to the boom in social clubs and the “we” economy.” The first Scion location is scheduled to open in 2017, according to Bloomberg.
Donald Trump’s controversial remarks may be impacting the “Trump” brand. Bookings at Trump Hotels made through Ovation Vacations fell by 29 percent over the past six months, according to the report. Corporate reservations made through Altour dropped 10 percent this year (through October 15) but leisure bookings increased enough to provide a 16 percent overall increase. Trump Hotels does not disclose occupancy rates.
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Last Updated on October 24, 2016 by Ramin Seddiq