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€4.5m wage spend at Trump International despite pandemic

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TRUMP International spent just under €4.5 million on wages and salaries in 2021, newly filed accounts show.

While the company was one of West Clare’s largest employers with an average of 230 staf in 2019, this dipped to 112 in the first year of the pandemic, before coming back up to 137 last year.

The amount spent on wages increased by €1.27 million in 2021 compared to the previous year.

Trump International made an operating profit of €509,892 for the year, rebounding from an operating loss of almost €2 million in 2020. However, despite the operating profit, its net assets declined by over €1 million, largely due to depreciation and amortisation of €2.054 million.

During the year the company received €1.85 million in government grants.

While 2021 was a difficult year because of Covid restrictions, a note accompanying the accounts said Trump International had performed quite well in the circumstances.

“While the hotel had to close to the public for a period of time in 2020 and 2021 in line with Government guidelines and restrictions, it has performed well since reopening. Management has prepared detailed forecasts and budgets, and these are being monitored closely on a regular basis by the directors and management team.”

The Directors’ Report stated, “The company has committed to supporting its busienss and employees during this challenging period, and has enacted procedures and programs to ensure the safety of its associates while providing a world class experience for its guests.

“Despite worldwide staffing shortages, the property has managed to maintain its core staffing complement a testament to the company’s focus on retention and employee well being.

“At the same time Trump Doonbeg continues to receive some of the highest accolades and recognitions including Golf Digest World’s 100 Greatest Golf Courses (2020) and #9 Best Golf Courses in Ireland (2022) as well as Condé Nast Traveller Reader’s Choice Award Top 5 Resorts in Europe (2020).”

Owen Ryan
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Owen Ryan has been a journalist with the Clare Champion since 2007, having previously worked for a number of other regional titles in Limerick, Galway and Cork.

About Owen Ryan

Owen Ryan has been a journalist with the Clare Champion since 2007, having previously worked for a number of other regional titles in Limerick, Galway and Cork.