I've
never been a fan of Donald Trump. But as
a marketer I couldn't help but admire the strength of his brand. In his prime he could command equity in a
project just by letting them use his name.
So why
would he throw it all away? It doesn't
make sense. Who hasn't he alienated at
this point - Latinos, Muslims, women, the list goes on and on...
How
bad is it?
So bad
that the Trump name will not appear on its newest venture. Because the new hotel chain will cater to
technologically savvy Millennials - another group that has a strong dislike of
little Donny. (Karmin & Das, 2016)
I
guess it's only a matter of time before his name starts coming off existing
buildings. I don't think anyone will be
fooled.
Karmin,
C. and Das, A. (2016, June 8) New Trump
Hotels Skip the Name. Wall Street Journal. pC1.
Update: On June 27, 2017, the new owners of the Trump International Hotel & Tower in Toronto paid $6MM to end their management contract with Trump and drop his name from the building. (Weiss, 2017)
Weiss, L. (2017, June 28) Toronto hotel buyer pays Trump millions to drop his name. nypost.com. Retrieved August 22, 2017, from http://nypost.com/2017/06/28/toronto-hotel-buyer-pays-trump-millions-to-drop-his-name/
Update: On June 27, 2017, the new owners of the Trump International Hotel & Tower in Toronto paid $6MM to end their management contract with Trump and drop his name from the building. (Weiss, 2017)
Weiss, L. (2017, June 28) Toronto hotel buyer pays Trump millions to drop his name. nypost.com. Retrieved August 22, 2017, from http://nypost.com/2017/06/28/toronto-hotel-buyer-pays-trump-millions-to-drop-his-name/
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