Despite achieving record sales, Donald Trump’s golf resorts in Scotland reported losses last year.
Financial reports submitted to Companies House for the US President’s properties at Menie Estate in Aberdeenshire and Turnberry in Ayrshire revealed that Turnberry, acquired for £29.5 million in June 2014, experienced a 15% growth in turnover in 2024, reaching a new high of £23.2 million. The surge was propelled by affluent visitors who flocked to the venue for a round of golf, with fees exceeding £1,000.
SLC Turnberry, the operating entity of the resort, declared an operating profit of £2.3 million for the year ending December 31, 2024. However, after factoring in depreciation charges, it reported an overall loss of £631,779.
Trump International Golf Links, established by Trump in the northeast of Scotland in 2012 after a clash with environmental activists, recorded a loss for the 13th consecutive year despite achieving its best financial performance. It reported a total loss of £937,693 for the year, an improvement from £1.4 million in the preceding year.
During a visit to Scotland in July, Trump inaugurated a second course at the location. Earlier, he had praised the course as the finest in the world and vowed to generate 800 jobs at the resort. The establishment provided employment to 108 individuals in its 13th year, with wages totaling £2.65 million.
Upon assuming the presidency in 2016, the 79-year-old Republican leader resigned as director of the golf enterprise. Subsequently, he transferred control of the trust to his family.
In his director’s report for the Menie Estate, Eric Trump, the White House chief’s son, expressed optimism about the resort’s future, foreseeing a positive financial trajectory in the medium to long term.
Regarding Turnberry, Eric Trump highlighted the strong performance driven by high demand from groups and leisure travelers. He noted that the resort’s golf operations excelled, commanding premium rates for its championship courses in the region. The Trump Organization employed 446 workers at Turnberry during the year, with a total wage payout of £10.3 million.
Sarah Malone, Executive Vice President at Trump International, Scotland, reported significant revenue growth across all revenue streams at Trump Turnberry and Trump International Scotland in