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Marriott Corporation, 1976 Annual Report
Image 14
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Marriott International, Inc.. Marriott Corporation, 1976 Annual Report - Image 14. 1976. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 4, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/956/show/929.

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 14. 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/929

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 14, 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 4, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/956/show/929.

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 14
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_047_014.jpg
Transcript James E. Durbin President Marriott Hotels Marriott Hotels Group: Outstanding Year from Higher Occupancy, Expansion Marriott Hotels had an excellent fiscal '76. Sales for the full Group increased 25%, and Group profits increased 22%. U.S. hotel profits were up more than 40% — for the largest percentage gain in six years. The outstanding domestic gains were based on strong profit improvement for our comparable hotels and for four new properties opened in fiscal '75. Occupancy system-wide closed the year up 5% — and was above the 80% mark; room rates increased 4%. Five new U.S. hotels with 1,340 rooms were added in fiscal 1976, increasing total rooms 8% to 14,510 at year-end. Franchised Marriott Inns and Marriott World Travel also contributed to Group gains for the year. But international hotels were off from '75. The Condominium division, which had an excellent '75, sold out virtually all of its units at Camelback Inn in the third quarter of fiscal '76. With no inventory available at Camelback and slow condominium sales at the Essex Towers in New York City, profits of this division trailed last year by $1.5 million. Marriott Hotels in the U.S. produced outstanding results for fiscal '76. Sales per man-hour advanced sharply under new productivity improvement programs. Comparable hotels had a strong year. Properties in the "Bicentennial corridor" —including Washington, D.C, Philadelphia, Saddle Brook (N.J.) and Boston —did very well, though much of the anticipated East Coast Bicentennial tourism did not materialize. The Los Angeles Marriott had strong occupancy, completed amortizing its pre- opening costs, and is now a solid profit contributor. The Essex House in New York had its best year ever. Only our hotel in downtown Atlanta, where major competitor hotels added 4,000 rooms during the year, experienced a sales decline in 1976. This is a well-accepted property, however, and it continues as one of our best profit producers. We added five new hotels in fiscal '76 including three company-owned properties. Marriott- designed and constructed hotels opened in 12