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Marriott Corporation, 1982 Annual Report
Image 22
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Marriott International, Inc.. Marriott Corporation, 1982 Annual Report - Image 22. 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/1265.

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 22. 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/1265

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 22, 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/1265.

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 22
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_054_022.jpg
Transcript Top—The Theme Building at Los Angeles International is a West Coast landmark, featuring an elegant Host restaurant. Los Angeles Is one of six key airports served by Host that are being expanded in 1983. Above—An automatic tray conveyor helps increase productivity at Marriott's new flight kitchen in Seattle. Difficult economic conditions affected most segments of Marriott's contract food service business again in 1982. The recession aggravated the continued financial problems of a number of airlines, three of which declared bankruptcy. As a whole, the airline industry suffered operating losses estimated at over $600 million in 1982. Business cost cutting and consumer caution meant that airline and airport terminal traffic did not recover to the extent originally expected. Moreover, modest traffic gains were distorted by intense fare discounting that placed additional profit pressures on carriers. Reduced food service levels and increased competition for available accounts also put pressure on profits. Performance in 1982 Despite these frustrating economic conditions, Marriott increased its operating profit for this line of business by 12% on a 37% sales gain. The improvement resulted from the addition of the Host airport terminal operations in March, and from gains in existing terminal operations and the food service management business. Operations Airline catering. Profits for Marriott's airline catering operations were below 1981 levels. They were hurt by a $5.5 million write-off of receivables from Braniff International, which ceased operation in May 1982, as well as by the loss of approximately 7% of domestic airline catering sales represented by the Braniff account. Intense price competition limited Marriott's ability to completely pass along to customers its increased operating costs. International travel continued to be disrupted by economic instability. Travel was off substantially in Europe and Latin America, with traffic in the latter area particularly hurt by uncertainty over the Falk- lands war and the economic crises in Mexico and Argentina, Marriott has strengthened management with the recent restructuring of its airline catering organization. This change should enable the company to intensify its marketing and business development efforts during 1983. Terminal operations. Overall profits from airport terminal operations were ahead of 1981 levels, and were augmented by contributions from Host food, beverage and merchandise concessions. Integration of the Marriott and Host operations has gone well. Traffic in airports served by Marriott/ Host remained generally more stable than overall U.S. airline passenger traffic during 1982, although some declines in food and beverage volume were experienced in the fall. Consumer spending in airport merchandise shops also was affected by the economy. The company added airport concessions at Greensboro, N.C. and renewed its concession at Ontario, Calif, during 1982. Concessions were obtained for the new Delta terminal at LaGuardia, which is scheduled to begin operation in 1983. Also in 1983, significant terminal expansion will take place at the Los Angeles International, Las Vegas, Newark, San Francisco, 20