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Marriott Corporation, 1969 Annual Report
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Marriott International, Inc.. Marriott Corporation, 1969 Annual Report - Image 5. 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/1701.

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 5. 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/1701

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 5, 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/1701.

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 5
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_040_005.jpg
Transcript $57 million. This is 36 per cent more than the record $42 million the year before—a tangible measure of the scope of our current expansion activities. It is gratifying to report that Marriott Financial Services, a wholly-owned subsidiary organized in fiscal 1969, is off to a good start. This company provides financial services to our franchisees. It is also being used at present to provide interim financing for our landlords at the new hotel underway in New Orleans, and at the Essex House. At year end, MFS had pretax earnings of $171,000, and we expect to improve that figure substantially in 1970. Looking to the future, all signs point to continued material improvement in our performance in all aspects of our business. Your company participates in very real growth businesses. Several key indices, such as discretionary income, leisure time, vacation time, and business travel, are at record levels, and heading even higher. This augurs well for food and lodging services. We believe, furthermore, that Marriott Corpora tion is in a uniquely strong position today to prosper in the good markets of tomorrow. We have managed our assets carefully, working hard to earn and maintain a reputation for leadership in whatever we do. The result has been a quality of growth that distinguishes us in our industry, and a pattern that strongly suggests we are heading in the right direction. We appreciate the confidence investors are expressing in management, reflected among other ways by the rapidly increasing number of shareholders. We are dedicated to justifying your continued trust. 'J. Willard Marriott Chairman of the Board 0). ~vka**x*z?^ J. W. Marriott. Jr, President October 14, 1969 SALES BREAKDOWN THREE MAJOR OPERATING SEGMENTS Food Operations In-Flite Services Hotels and Specialty Restaurants. Fiscal 1969 48% 29% 23% Fiscal 1968 51% 27% 22% GROWTH IN NUMBER OF COMPANY UNITS Ending Fiscal '69 225 11 24 64 324 Ending Fiscal '68 181 8 18 49 256 Increase Food Service Units Hotels and Motor Hotels. .. Hotel and Specialty 44 3 6 In-Flite Kitchens and Related Units 15 68 | wM -- -