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Marriott Corporation, 1972 Annual Report
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Marriott International, Inc.. Marriott Corporation, 1972 Annual Report - Image 6. 1972. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 27, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/1171/show/1140.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marriott International, Inc.. (1972). Marriott Corporation, 1972 Annual Report - Image 6. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from https://digital.lib.uh.edu/collection/hiltonar/item/1171/show/1140

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Marriott International, Inc., Marriott Corporation, 1972 Annual Report - Image 6, 1972, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed February 27, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/1171/show/1140.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Marriott Corporation, 1972 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
Publisher Marriott International, Inc.
Date 1972
Description Marriott Corporation Annual Report for the 52 weeks ending on July 28, 1972.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Marriott International, Inc.
Genre (AAT)
  • annual reports
  • business records
Language English
Type (DCMI)
  • Text
  • Image
Original Item Location Marriott Hotels Collection
Digital Collection Annual Reports from the Hospitality Industry Archives
Digital Collection URL http://digital.lib.uh.edu/collection/hiltonar
Repository Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston
Repository URL http://www.uh.edu/hilton-college/About/hospitality-industry-archives
Use and Reproduction No Copyright - United States
File Name index.cpd
Item Description
Title Image 6
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_043_006.jpg
Transcript G. MICHAEL HOSTAGE GROUP PRESIDENTS REVIEW 72: The Analysts Ask: "How's Business?" Here's What They Learn About 1972 Marriott Corporation has attracted considerable interest from the investment community in the past few years. Security analysts in particular follow Marriott closely. Two years ago Marriott instituted periodic briefing sessions with analysts to help provide them with a consistent flow of fresh information on company progress. These sessions are held at corporate headquarters in Washington. Groups of six to ten analysts usually attend. The analysts spend an hour around the Board Room table with each of the three Group Presidents: G. Michael Hostage, Restaurant Operations; James E. Durbin, Hotels; and Jerald O. Jarrard, In-Flite Services. Of course, each of the executives is careful to discuss only information available to the general public. Following is a review of Marriott's three operating groups for Fiscal 1972, as seen through questions typically asked the Group Presidents by the analysts. JERALD O. JARRARD JAMES E. DURBIN MIKE HOSTAGE WITH THE ANALYSTS: Restaurant Operations Group Turns In Record Performance Are all your operations up over a year ago? All but one of our operating divisions showed profit gains that varied from moderate to excellent —and all of them had sales increases. Which of them have done particularly well? Our Service Restaurants and Food Service Management divisions showed significant gains. Also our production and distribution facility, Fairfield Farm Kitchens, cut its losses substantially. Did any division have a particularly difficult year? Our Cafeterias and our Fast Food operations have had only limited price relief in the past couple of years. In fiscal 1972 they were caught in the price freeze. With raw food prices climbing steadily, they have been in kind of a "freeze squeeze". Lower than anticipated initial volume in two new midwestern shopping centers has also affected Cafeteria Division profits, but customer counts overall are strong and our cafeteria units are holding their own pending some price relief. What are you doing about price increases? We have been granted some relief in Service Restaurants and Big Boy Coffee Shops. We are still waiting for help in Cafeterias and Fast Foods, and expect to have a favorable ruling before too long. Have rising food costs been your most serious problem? Yes. With the government imposing little or no control over raw food costs, yet strict control over prices, we have been in a bind.