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DC cashing in on Trump’s inauguration

 

Every four years, DC residents will get the chance to witness the history – and you make a little money on the side.

This is certainly the case prior to the Jan. 20 inauguration of President-elect, Donald Trump, Hotel, home and apartment owners, and businesses throughout the district are looking for, benefit from the influx of spectators and protesters alike.

Experts estimate that about 400,000 to 500,000 people coming to Washington for the events, the short of the estimated 1.8 million who arrived for the first Obama inauguration, but still enough to jolt the local economy.

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Analysts expect the visitors to spend more than a billion dollars in all.

“It has a huge economic impact,” said Stephen Fuller, the policy professor at George Mason University. “The context is that this is the slowest time of the year for the economy. … Hotels have the lowest rate in the months of January, February, around 40 percent, so that nothing is missed, it can have an enormous impact.”

The way to this hotel business wealth, however, was rocky.

Many hotels and private houses were well in advance of the actual election posted. Airbnb, which allows homeowners to live rent on a short-term basis, saw a large increase in the prices and bookings.

But always, when many potential visitors thought Hillary Clinton would be the winner. Then Donald Trump won.

A person who succeeds in it, these type of deals in the region, said he had a 90 percent cancellation rate in the 48 hours after the election.

Since that time, though, housing remains, are again on the rise.

Airbnb now says that bookings in the DC area hit an all-time high in the inauguration.

A scan of the local prices of the Hotels found a significant spike for three or four days around the inauguration. And one of the Ritz-Carlton in Washington is completely sold out – prices ranged from about $6,000 to $ 40,000 for a four-night package.

Fox News’ Shannon Bream contributed to this report.

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