University of Houston Digital Library: Annual Reports from the Hospitality Industry Archives: Marriott Corporation, 1969 Annual Report

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Marriott Corporation, 1969 Annual Report

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Marriott International, Inc.. Marriott Corporation, 1969 Annual Report - Image 20. 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/1716.

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Marriott International, Inc.. (1969). Marriott Corporation, 1969 Annual Report - Image 20. 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/1716

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Marriott International, Inc., Marriott Corporation, 1969 Annual Report - Image 20, 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/1716.

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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

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Item Description

Title	Image 20
Format (IMT)	image/jpeg
File Name	hiltonar_201609_040_020.jpg
Transcript	Construction specialists meet rigid criteria to maintain leadership in facilities. organization increased measurably in 1969. Much of Marriott's success is attributed to astute site selection, and real estate professionals intensively sought and found locations which qualify under rigid growth criteria. Expanding franchising programs and needs for new financing during the year put greater demands on legal services. Entry into foreign markets gave rise to many new and different legal problems. FINANCE Highlights of the year for the Finance Department included sale of $28 million of convertible subordinated debt and arrangement of $25 million of other long-term financing to help support the company's rapid expansion. The department also directed the calling of $10 million of subordinated notes for conversion, established Marriott Financial Services Inc. as a new profit center, and developed sophisticated new data processing programs on "third generation" computer equipment. INDUSTRIAL RELATIONS In Industrial Relations, new manpower planning programs were developed during the year, and added emphasis was given to management recruiting. Employee training programs were stepped up, and include effective new visual aids. Achievements also included work to reduce workmen's compensation costs, and creation of a formal "Career Progression" program, which encourages employees to develop their skills and become more productive to themselves and the company. Growth in franchising, reflected by opening of 100th Roy Rogers unit, puts new demands on legal, real estate, financial services. Small seminars are part of most elaborate training programs in the food-lodging industry.