30 Sep

Trump Hasn’t Received Funding from the Travel Industry

WRITTEN BY Ally Schmidt

PACs

It’s a common practice for corporations to support a particular presidential candidate. Since they aren’t allowed to directly fund a campaign, they set up PACs (political action committees). The PACs send money to candidates or even other PACs

Trump Hasn’t Received Funding from the Travel Industry

No support for Trump

Donald Trump hasn’t received funding from any PACs related to airlines, online travel, or hospitality. He hasn’t received support from any executives in the travel industry. The only support he seems to have received is from some hotel workers and airline pilots.

Republicans continue to receive support

Despite Trump being infamous among the industry, a few still continue to support the Republican Party. Some examples include Marriott’s (MAR) J.W. Marriott Jr. and Richard Marriott. They donated $73,400 and $33,400, respectively, to the Republican Party this election cycle. Investors can gain exposure to Marriott by investing in the First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW). QQEW invests ~1.1% of its portfolio in the stock.

Las Vegas Sands’ (LVS) Sheldon Adelson also supported the Republican Party.

Support for Hillary Clinton

Hilton Worldwide’s (HLT) PAC supported the republican candidate in the last election. It donated $15,000 to the Hillary Victory Fund PAC.

Several executives from the airline industry including those from Delta Air Lines (DAL), American Airlines (AAL), and United Airlines (UAL) have also shown their support for Clinton and the Democratic National party. Of these, the prominent contribution is from Richard Anderson—Delta Air Line’s former CEO. He donated $353,400 to the Hillary Victory Fund PAC.

The online travel industry also seems to be supporting Clinton. Expedia’s chairman, Barry Diller, contributed a significant amount to the Hillary Victory Fund PAC.

Many other prominent Republican business executives have endorsed Hillary Clinton. In fact, Hillary Clinton has collected $21.1 million from donors on the Bloomberg billionaires index, while Trump has collected $1.02 million.

The travel industry hasn’t shown support, despite Trump’s personal interest in the industry’s wellbeing. He has many travel-related brands.

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