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Marriott Corporation, 1969 Annual Report
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Marriott International, Inc.. Marriott Corporation, 1969 Annual Report - Image 3. 1969. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. March 2, 2021. https://digital.lib.uh.edu/collection/hiltonar/item/1729/show/1699.

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.. (1969). Marriott Corporation, 1969 Annual Report - Image 3. 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/1729/show/1699

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, 1969 Annual Report - Image 3, 1969, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed March 2, 2021, https://digital.lib.uh.edu/collection/hiltonar/item/1729/show/1699.

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, 1969 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
Publisher Marriott International, Inc.
Date 1969
Description Marriott Corporation Annual Report for the 52 weeks ending on July 27, 1969.
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 3
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_040_003.jpg
Transcript Chairman's And President's Message J. Willard Marriott J. W. Marriott, Jr. The sustained and dynamic growth that has long characterized your company continued in fiscal 1969. Sales for the year jumped 30 per cent to $257.4 million from $197.5 million the year before. Net income from operations increased 20 per cent to $8.9 million, from $7.4 million in fiscal 1968. This was the equivalent of 76 cents per share, up from 64 cents a year earlier. In addition, we had a special gain of $1.3 million, or 11 cents per share, on the sale of two properties. Total income including the special gain was $10.2 million, or 87 cents per share—an increase of $2.8 million, or 37 per cent. Rapid Expansion In All Fields Our results for fiscal 1969 reflect continued intensive expansion in the fields we know well— food service, lodging, and airline catering. During the year we moved aggressively into new markets, improved considerably our position in existing markets, and continued innovative in service to our customers. At year end, we were operating 324 facilities, offering a wide range of food and lodging services, in the United States and nine foreign countries. This is an increase of 68 units over the 256 at the end of fiscal 1968. In addition, at year end we had 633 franchised operations Coast to Coast and in Canada, compared with 538 the year before. Today, with almost 1,000 food, hotel, and airline catering operations, your company stands as the most highly diversified in the nation's combined food service-lodging industry. In food service during the past year we maintained, and enhanced, our position of national leadership. Company-operated units and institutional accounts increased by 44, or 24 per cent. Franchises under the "Roy Rogers Roast Beef" and "Big Boy" chains increased by 95, or 18 per cent. Of particular note here is our rapid development in "fast food"—the move which has had such a broad effect on the country's dining-out habits. Twenty-two such outlets were started under company operation during the year, and through the popular franchising method we opened 58 new "Roy Rogers" units in the 12-month period. As we entered the new year, there were 108 of these roast beef sandwich outlets in operation—a substantial accomplishment for a chain which was organized late in fiscal 1968. Growth In Hotels Dramatic The Hotel Group expanded its hotel rooms in 1969 by more than 60 per cent. A large new property was opened in Houston, and our first international hotel opened in Acapulco. We began operation of the famed Essex House in New York City, and major expansions were completed at the Atlanta Marriott and the Camelback Inn in Arizona. In addition: The Boston Marriott was brought to completion for opening in August; work progressed on construction of a new property at Crystal City in Washington, D. C. and at Dulles International Airport in Virginia; ground was broken for a 1000-room hotel in New Orleans; and new hotels were announced for Los Angeles and Denver. Franchising is also being pursued by the Hotel Group as a route to new business. A number of agreements have been completed for the con-