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Marriott Corporation, 1983 Annual Report
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Marriott International, Inc.. Marriott Corporation, 1983 Annual Report - Image 9. 1983. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 27, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/303/show/263.

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 9. 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/263

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 9, 1983, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 27, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/303/show/263.

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 9
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_055_009.jpg
Transcript and—at the property level—new computerized front-desk property management and personal computer-based budgeting systems, as well as a new automated labor scheduling system. Aggressive expansion in promising markets. A significant portion of revenues in 1983 came from new hotels added since 1980. Our growing presence in key markets provides strong prospects for continued profit growth and increased consumer visibility. The rate of expansion also gives the company a very contemporary hotel product—about 60% of Marriott hotel rooms are less than five years old, and 26% are less than two years old. The capital intensity of this business has been reduced dramatically by our strategy of concentrating hotel ownership among outside investors, with the company operating the hotels under long-term agreements. This has allowed Marriott to build a system which will encompass more than 80,000 rooms by the end of 1986. Marriott continues to be able to fund its expansion program effectively through creative financial transactions. For example, the new 1,878-room New York Marriott Marquis Hotel recently was refinanced by a syndicate composed primarily of savings and loan associations. This was the largest lodging industry project ever financed by such institutions. Expansion In 1983, the Marriott hotel system grew by; mately 5,600 rooms or 11%. New hotels opened in 1983 include (rooms in parentheses): Boston/Burlington (420), Charleston, S.C. (297), Chicago/Schaumburg (401), Columbia, S.C. (302), Denver/West (306), Irvine, Calif. (504), Greensboro, N.C. (302), Miami/Biscayne Bay (605) and Tulsa (336). Franchised inns were opened in Charlotte, N.C. (300) and Orlando, Fla. (484). International hotels were opened in Athens, Greece (270) and Jeddah, Saudi Arabia (217), and one was acquired in London, England (270). Approximately 7,300 rooms are scheduled to open in 1984. In 1985, approximately 10,400 rooms will be added to the Marriott system, including major new hotels in New York and Atlanta. isHugL cutive Che J. W. Marriott Hote The company | comL sive system of food standards ensures consistent quality. In the Hotel Group, a computerized system of 6, OOO recipes, tied to procurement programs, helps Marriott maintain the industry's highestfood and beverage profit margins. from large ballrooms to luxurious suites, such as this one at Dallas/Quorum.