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Marriott Corporation, 1973 Annual Report
Image 17
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Marriott International, Inc.. Marriott Corporation, 1973 Annual Report - Image 17. 1973. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. May 27, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1696/show/1676.

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.. (1973). Marriott Corporation, 1973 Annual Report - Image 17. 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/1696/show/1676

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, 1973 Annual Report - Image 17, 1973, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed May 27, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1696/show/1676.

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, 1973 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
Publisher Marriott International, Inc.
Date 1973
Description Marriott Corporation Annual Report for the 52 weeks ending on July 27, 1973.
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 17
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_044_017.jpg
Transcript n- s Services: Greatest Growth "Yet At International, US.Airports By J. O. Jarrard President Marriott In-Flite Services Record expansion was the keynote for Marriott In-Flite Services in fiscal 1973 as the group broadened its reach into new foreign and domestic markets. We opened flight kitchens at 11 additional airports and expanded several existing units during the year. Marriott is now serving 88 airlines at 53 airports throughout the world. Our new airport expansion more than recovered the loss in sales and profits resulting from the closing of a large unit in Chicago when our long-term contract with a major account expired. In spite of less than expected growth in airline traffic, plus increased costs in all areas, Marriott In-Flite Services had an outstanding year. INTERNATIONAL EXPANSION Intensive penetration of international markets has been a strategy of ours for several years. International airline traffic continues to grow much faster than domestic traffic as the standard of living and desire for travel increases around the world. In the past year, we achieved two major entries into new global areas with the establishment of kitchens in the Pacific, at Guam —and in South Africa, at Johannesburg. Marriott In-Flite Services is now positioned in five of the major regions of the world. In Europe, new kitchens have been opened at the important airports of Frankfurt, Germany and Gatwick, England, which serves primarily the many charter flights of supplemental airlines. The Frankfurt facility accumulated heavy pre-opening and start-up expenses but promises to become one of our most successful new ventures. We also began operating for the first time in the markets of Milan and Torino, Italy, and on the increasingly popular resort island of Barbados near South America. Sales in Europe for fiscal 1973 were up strongly, but the earnings gain was affected by the Frankfurt start-up, increased labor costs in Italy, and other expansion costs. Sales in South America were good and earnings were up materially. Airline traffic in South America has been increasing, and more favorable monetary exchange conditions in 1973 helped contribute to the earnings growth. Our biggest expansion project to be completed in fiscal 1974 will be a major flight kitchen and commissary at the new Roissy Airport, near Paris. This 300,000 square foot facility will open next Spring. Marriott will operate it un- SALES In-Flite Services (In Millions) $91.2 $95.4 $113.8 ■ S142.3 1 $79.5 ■ 1 1969 1 1970 1 1971 1 1972 1973 der a management contract with Air France. Expansion activity in the United States also has been intense with more new flight kitchens opened than in any year in our history. NEW DOMESTIC KITCHENS We entered promising new markets in Albuquerque, New Mexico and at Kansas City's spectacular new International Airport. We added a fourth kitchen in Miami, and will add one kitchen this fall in Boston and two kitchens at the new Dallas/Ft. Worth airport. We made major additions at La Guardia in New York, Chicago (O'Hare), and Washington (National). We also acquired The Hallmark Corporation, a small loss-prevention firm, which is expanding into the commercial and residential security market. Our domestic airline sales were on target for the year, aided by a strong new-sales program. However, higher food and start-up costs moderated our earnings although they exceeded last year. We are especially pleased to report that our airport terminal restaurants registered a substantial improvement over fiscal 1972 and losses were reduced considerably at our San Juan operation. The program to serve non-airline accounts, begun in 1972, made a good contribution last year. Auto-Train on the East Coast and the Kaiser Hospitals on the West Coast are now among our major customers. We are optimistic about the long-range future growth of air travel at home and abroad and feel our major expansion program of 1973 will produce a satisfactory increase in profits for the group as a whole in fiscal 1974. 15