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Marriott Corporation, 1976 Annual Report
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Marriott International, Inc.. Marriott Corporation, 1976 Annual Report - Image 4. 1976. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 6, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/956/show/919.

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.. (1976). Marriott Corporation, 1976 Annual Report - Image 4. 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/956/show/919

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, 1976 Annual Report - Image 4, 1976, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 6, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/956/show/919.

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, 1976 Annual Report
Creator (LCNAF)
  • Marriott International, Inc.
Publisher Marriott International, Inc.
Date 1976
Description Marriott Corporation Annual Report for the 52 weeks ending on July 30, 1976.
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 4
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_047_004.jpg
Transcript Professional Services and Sun Line operations improved their profits by 26% in fiscal '76. New theme park profits jumped the total operating gain up 32% over last year. Although our gross income tax rate increased, it was offset by higher investment tax credits accrued for the theme parks, resulting in a decrease in the effective tax rate to 40.4% in 1976. Capital expenditures were down from a high of $159 million in '75 to $143 million in fiscal '76. They will continue to drop in '77. Heavy building costs for our two theme parks are over now, and we will be concentrating this year on expanding our basic operations. We made certain organizational changes as fiscal '77 began. G. Michael Hostage was promoted to the new position of Executive Vice President. Formerly president of the Restaurant Group, he now has overall responsibility for our three major consumer-based Groups: Restaurants, Hotels, and Theme Parks. Richard E. Marriott assumes direction of Restaurant Operations as group vice president. Gary L. Wilson has added responsibility for property development and strategic planning, and is now vice president for corporate development and treasurer. We believe the prospects for your company's continued profitable growth are very bright. Marriott Hotels boasts more Mobil Travel Guide 4-Star and 5-Star hotels than any other chain. Their high degree of customer acceptance provides great strength for expansion in the hospitality field. The Restaurant Group is structured to take advantage of the major consumer growth market — the young adults and young families. Roy Rogers Family Restaurants, Big Boy Coffee Shops, our various dinner houses, the unique Farrell's chain, Hot Shoppes Cafeterias and Restaurants all have broad customer appeal in their markets. Our Business Group will benefit from the rapid rise in air travel and its positioning in the multi-billion- dollar food service management market. Sun Line Cruises continues to hold a dominant position in the Greek cruise market, and should have a good profit year in fiscal 1977. Our newest business—theme parks—quickly has achieved a high degree of acceptance in two of the strongest metropolitan markets in the country. The company's broad diversification in the food and lodging and leisure-time industry has enabled us to consistently increase our sales and earnings through the years. We are concentrating today on the strengths of our company.. .on the businesses we know best. We go into a bright future with great confidence, built on the strength of a management and employee team that is unequaled in our industry. J. Willard Marriott J. W. Marriott, Jr. Chairman of the Board September 30, 1976 President and Chief Executive Officer 72 73 74 75 76 SI7.7 121.0 524.7 S21.8 S30.B NET INCOME (in millions) Five-Year Compound Growth: 17.5% 72 73 74 75 76 56t 65> 76t 66» 901 EARNINGS PER SHARE Five-Year Compound Growth: 14.4% 72 73 74 75 76 S423 1538 8640 S732 S890 SALES (in millions) Five-Year Compound Growth: 20.4%