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Marriott Corporation, 1982 Annual Report
Image 21
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Marriott International, Inc.. Marriott Corporation, 1982 Annual Report - Image 21. 1982. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. October 27, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/1296/show/1264.

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.. (1982). Marriott Corporation, 1982 Annual Report - Image 21. 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/1296/show/1264

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, 1982 Annual Report - Image 21, 1982, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed October 27, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/1296/show/1264.

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, 1982 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
Publisher Marriott International, Inc.
Date 1982
Description Marriott Corporation Annual Report for calendar year 1982.
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 21
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_054_021.jpg
Transcript HOTELS Marriott's national reservation center in Omaha. A new generation of more appealing room decor schemes was introduced in many hotels. Also implemented was a popular rapid checkout system that provides guests with a bill under their room door early on departure day, eliminating the need for checkout at the front desk. In 1983, a new computer- based front office system will be installed in up to 30 properties to fully automate reservations, registration, guest accounting, housekeeping and rooms control. Also to be introduced widely in 1983 is a complimentary in-room entertainment package—including Home Box Office and national cable news and sports network programming. Aggressive expansion in promising markets. A significant portion of revenue growth in 1982 came from new hotels added since January 1981. The accelerated expansion program that began in 1980 has given Marriott an increasingly vital presence in key markets, affording strong prospects for continued growth in both profits and consumer visibility. Since the mid-1970s, Marriott has pursued a strategy of concentrating ownership of its hotel rooms among outside investors, with the company managing the hotels under long-term agreements. The high proportion of managed hotels - cu rrently 78% - has dramatically reduced the capital requirements for this business, thus freeing up cash for alternative investments. This change has allowed Marriott to build a system that will include more than 75,000 rooms by the end of 1985. Even in the tight financial markets of the 1980s, Marriott has been able to fund its continued expansion program. For example, in 1982 the company completed a syndication of 11 hotels financed by a consortium of major banks with participation by individual investors through the public sale of limited partnership interests. Marriott may pursue the syndication of other properties where feasible. Expansion in 1982 and 1983 The total number of rooms in the Marriott hotel system increased by approximately 9,000, or 22%, in 1982. New hotels opened in 1982 included (rooms in parentheses): Albuquerque (414), Boston/Long Wharf (400), Charleston, W. Va. (354), Arlington, Va./Crystal Gateway (452), Dallas/Airport (494), Dallas/Quorum (563), Dayton (299), Denver/City Center (612), El Paso (300), Hartford/Farmington (305), Long Island (391), Omaha (303), and Raleigh, N.0(310). New franchised inns were opened in San Antonio (302), and Worcester, Mass. (250). The Philadelphia/Airport hotel (333) was acquired, and two hotels were added to the Marriott system as a result of the Host acquisition - Houston/ Airport (569), and Tampa/ Airport (299). New international hotels were opened in Panama City, Panama (391), and Cairo, Egypt (initially 680). Approximately 5,200 rooms are scheduled to be opened in 1983, of which 4,500 will come from 12 new hotels. The remainder will include expansion at four existing locations. Projects scheduled to be completed in 1983 include new hotels in Boston/Burlington (414), Charleston, S.C. (300), Chicago/Schaumburg (390), Columbia, S.C. (300), Irvine, Calif. (506), Greensboro, N.C. (308), Miami (605), and Tulsa (338). New franchised inns are scheduled to open in Charlotte, N.C, (300), and Orlando (500). International hotels are expected to open in Athens, Greece (300), and Jeddah, Saudi Arabia (217). A greater number of rooms is scheduled to be opened in both 1984 and 1985 than in 1983, including large "flagship" properties in Washington, D.C., Boston, New York and Atlanta. A complete list of Marriott hotels appears on page 46. Outlook For 1983, Marriott's continued cost controls, expanded marketing programs and greater contributions from hotels opened since 1981 should generate solid earnings gains. However, the timing and extent of these increases will be influenced greatly by the timing of recovery in overall business travel. The high quality of our hotel product, management team and service, plus our constantly expanding room base, underscore our optimism for strong long-term growth. Sales ($ in millions) Operating Income ($ in millions) 19