It's a statement that could be applied to pretty much any hotel, but it has special meaning in this case. The hotel the analyst is referring to is the recently opened Trump International Hotel in Washington, DC, which has this year logged an occupancy rate of 42.3%.
That's well below the industry standard of about 70%, but as the Washington Post explains, that hasn't translated into big losses. Quite the opposite. Based on financial records obtained by the Post and the Wall Street Journal, the Trump Organization was expecting a $2.1 million loss during the first 4 months of the year; instead it recorded about $18 million in revenue and made a $1.97 million profit.