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Trump watches the World Golf Championships-Cadillac Championship at the Doral resort on March 10, 2013. Photo: Scott Halleran/Getty Images

The net operating income for Trump National Doral Miami resort, the flagship property and biggest moneymaker for President Trump's family business, has fallen by 69% over the past two years, according to a Washington Post analysis of its records.

Why it matters: A note from a tax consultant employed by The Trump Organization to a Miami official stated that the property faces "some negative connotation that is associated with the brand," which the Post notes is the first time that someone employed by Trump has acknowledged that the president's name could affect business.

The big picture: Doral took in $10 million less in revenue than The Trump Organization internally expected in 2017, according to financial documents filed to Miami-Dade County, Florida.

  • Its average room rates and the revenue available per room have also declined at rates greater than other comparable golf resorts in the Miami area.

The other side: The report isn't unprofitable despite the business hit as it has managed to cut back other expenses to make up for the revenue shortfalls.

  • In a statement to the Post, Eric Trump blamed the Zika virus and hurricanes for hurting tourism across South Florida in recent years.
  • He said, "This story is completely senseless. Our iconic properties are the best in the world and our portfolio is unrivaled by anyone."

Go deeper: Government agency ignored constitutional issues over Trump's D.C. hotel

Go deeper

9 hours ago - World

Maximum pressure campaign escalates with Fakhrizadeh killing

Photo: Fars News Agency via AP

The assassination of Mohsen Fakhrizadeh, the architect of Iran’s military nuclear program, is a new height in the maximum pressure campaign led by the Trump administration and the Netanyahu government against Iran.

Why it matters: It exceeds the capture of the Iranian nuclear archives by the Mossad, and the sabotage in the advanced centrifuge facility in Natanz.

Scoop: Biden weighs retired General Lloyd Austin for Pentagon chief

Lloyd Austin testifying before Congress in 2015. Photo: Chip Somodevilla/Getty Images

Joe Biden is considering retired four-star General Lloyd Austin as his nominee for defense secretary, adding him to a shortlist that includes Jeh Johnson, Tammy Duckworth and Michele Flournoy, two sources with direct knowledge of the decision-making tell Axios.

Why it matters: A nominee for Pentagon chief was noticeably absent when the president-elect rolled out his national security team Tuesday. Flournoy had been widely seen as the likely pick, but Axios is told other factors — race, experience, Biden's comfort level — have come into play.

Updated 11 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: WHO: AstraZeneca vaccine must be evaluated on "more than a press release."
  2. Politics: Supreme Court backs religious groups on New York COVID restrictions.
  3. World: Thailand, Philippines sign deal with AstraZeneca for vaccine.
  4. Economy: Safety nets to disappear in December Black Friday shopping across the U.S., in photosAmazon hires 1,400 workers a day throughout pandemic.
  5. Education: National standardized tests delayed until 2022.