Keyword
in
Collection
Date
to
Marriott Corporation, 1979 Annual Report
Image 21
Citation
MLA
APA
Chicago/Turabian
Marriott International, Inc.. Marriott Corporation, 1979 Annual Report - Image 21. 1979. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. June 3, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/637/show/619.

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.. (1979). Marriott Corporation, 1979 Annual Report - Image 21. 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/637/show/619

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, 1979 Annual Report - Image 21, 1979, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed June 3, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/637/show/619.

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.

URL
Embed Image
Compound Item Description
Title Marriott Corporation, 1979 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
Publisher Marriott International, Inc.
Date 1979
Description Marriott Corporation Annual Report for calendar year 1979.
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 21
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_051_021.jpg
Transcript Summary of Operations By Principal Business Segment Fiscal Years (In millions) (a) 1979 1978 1977 (Unaudited) (a) 1976 1975 Sales $ % 35 $ %_ 33 $ % 31 $ 281.3 %_ 30 $ % Hotel Group S3S.0 408.3 334.7 238.3 31 Contract Food Services 479.8 32 388.0 31 342.6 31 289.4 30 256.3 33 Restaurant Group 377.3 25 347.2 28 316.9 29 295.4 31 267.3 34 Theme Parks 83.9 6 75.5 6 71.9 7 64.1 7 - - Cruise Ships and Other 34.0 2 30.6 2 24.2 2 16.5 2 14.0 2 Total Sales 1,510.0 100 1,249.6 100 1,090.3 100 946.7 100 775.9 100 Operating Profit (b) Hotel Group 86.6 51 66.5 49 54.1 47 38.1 41 33.3 47 Contract Food Services 31.6 18 23.5 17 21.2 18 19.2 20 18.7 26 Restaurant Group 28.5 17 27.6 21 26.1 23 20.2 22 21.7 31 Theme Parks (c) 17.5 10 11.8 9 10.0 9 14.7 16 — — Cruise Ships and Other 6.4 4 4.8 4 4.0 3 0.9 1 (2.6) (4) Total Operating Profit 170.6 100 134.2 100 115.4 100 93.1 100 71.1 100 Interest, net 27.8 23.7 30.2 26.8 23.0 Corporate Expenses and Income (d) 19.7 15.2 16.1 13.4 8.0 Income Before Income Taxes 123.1 95.3 69.1 52.9 40.1 Net Assets Employed (e) Identifiable Assets Capital Expenditures & Acquisitions Depreciation & Amortization 1979 1978 1979 1978 1979 1978 1979 1978 Hotel Group $371.9 $303.6 $ 434.3 $ 351.2 $ 80.6 $ 62.9 $16.0 $15.4 Contract Food Services 124.0 99.3 163.2 138.6 20.3 10.8 7.6 7.9 Restaurant Group 175.4 161.7 198.8 184.9 45.0 34.1 14.7 12.5 Theme Parks 158.0 161.4 162.9 167.5 6.3 9.2 9.2 8.6 Cruise Ships and Other 32.0 32.0 45.3 43.9 1.2 .4 1.4 1.8 Corporate 30.6 68.9 75.9 114.2 5.1 21.7 1.7 .9 Total $891.9 $826.9 $1,080.4 $1,000.3 $158.5 $139.1 $50.6 $47.1 (a) The Company changed its year-end in 1978 to the Friday closest to December 31. The segment results are presented on the new fiscal year basis. The unaudited data for 1975 and 1976 as restated were prepared using the same procedures employed to obtain the audited 1977 and 1978 results. (b) Operating profit represents total operating results before interest, corporate administrative expense, unallocated corporate charges and dispositions of businesses and idle property. (c) Theme Park operating results for 1976 are not comparable with subsequent years because the initial year did not bear the full burden of off-season costs and included charges for depreciation and real estate taxes only from the opening of the parks. (d) Corporate expenses and income represents corporate administrative expense, capital gains and other items that are not of an operating nature. Capital gains net of losses on dispositions and write-downs of idle property were $0.5, $(1.4), $(1.0), $3.0 and $1.9 milfion in 1975 through 1979, respectively. (e) Net assets employed represent identifiable assets less identifiable current liabilities. 19