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Marriott Corporation, 1983 Annual Report
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Marriott International, Inc.. Marriott Corporation, 1983 Annual Report - Image 5. 1983. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. August 5, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/303/show/259.

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.. (1983). Marriott Corporation, 1983 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/303/show/259

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, 1983 Annual Report - Image 5, 1983, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed August 5, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/303/show/259.

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, 1983 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
Publisher Marriott International, Inc.
Date 1983
Description Marriott Corporation Annual Report for calendar year 1983.
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_055_005.jpg
Transcript We will continue to expand company-owned restaurants selectively, and will put renewed emphasis on strengthening our Big Boy franchising network. We plan to continue expansion of airport terminal operations, flight kitchens and the food service management business. Acquire and develop new businesses. We must augment Marriott's established businesses to sustain the company's long-term growth. We will continue to move into new areas as we have since our inception. Our growth pattern over the last 56 years shows that: □ We have entered a series of closely related new businesses, particularly from 1957-1970. During that time, we entered the lodging business, acquired the rights to Big Boy restaurants, developed Roy Rogers restaurants, and began international expansion. Today these operations account for two-thirds of our operating income. □ We have invested heavily in the internal growth of our best businesses during the 1970s and early 1980s. For example, we have developed 41,000 hotel rooms since 1970. □ We have used acquisitions such as Host and Gino's (both completed in 1982) to supplement internal development and consolidate market positions. Over the next five years, the company intends to develop, test and expand a series of new, yet related, business opportunities such as Courtyard. Early results from Courtyard are promising. We will make an expansion decision on that lodging concept later this year. Successful new businesses will have a material impact on the company. We look for business opportunities which can each contribute a minimum of 50 cents to $1.00 in earnings per share when fully established. The business development process at Marriott is described on page 25. Outlook • We believe that expansion of our established businesses, combined with their ability to pass on inflation, will allow us to maintain a 20% earnings growth rate and 20% return on equity through the late 1980s. Longer term, growth in our present businesses will be supplemented by the new business development and acquisition base we establish over the next five years. We are excited about these growth prospects, which make the company's future even brighter than its past. Obviously, such growth depends on people. In the following pages, we have chosen several employees to illustrate a few of Marriott's shared values and characteristics. We are very proud of our people and their contributions to the company's continued success. ^WU*^ fKi^J^ J. Willard Marriott Founder and Chairman of the Board & (a)^M &4***-c7 J. W.Marriott, Jr. President and Chief Executive Officer March 9,1984