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Marriott Corporation, 1969 Annual Report
Image 20
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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.

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 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

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 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.

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 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.