Keyword
in
Collection
Date
to
Marriott Corporation, 1976 Annual Report
Image 19
Citation
MLA
APA
Chicago/Turabian
Marriott International, Inc.. Marriott Corporation, 1976 Annual Report - Image 19. 1976. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. August 11, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/956/show/934.

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 19. 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/934

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 19, 1976, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed August 11, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/956/show/934.

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, 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 19
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_047_019.jpg
Transcript Italian units that were disposed of in the preceding year, and currency devaluation that cost the division some $340,000 more in fiscal '76 than in '75. Most of the international gains were provided by operating efficiencies in South America. This was a major accomplishment as widespread devaluations plagued South American operations throughout the year. In Europe, excluding the effect of the Italian dispositions, results improved slightly, but were penalized by large government-directed wage increases and devaluation. The outlook for international operations in '77 is good. In the first quarter of the new year we sold our 90% interest in the Athens flight kitchen, eliminating a marginal profit contributor. Our other European operations should achieve good gains in the new year as international air travel continues to pick up. Airline Terminal and Highway Restaurants had mixed results in fiscal '76. Terminal operations improved profits for the fourth consecutive year, and we continue to be optimistic about the growth potential of this division. Several proposals for contracts at various airports were in preparation as the new fiscal year began. Highway Restaurants experienced unfavorable year-to-year profit comparisons after our contract to operate 8 units on the New York Thruway was not renewed. The loss of those sales at mid-year will also affect the first half of fiscal '77. Satisfactory results from 8 other units moderated the impact of the canceled contract. Food Service Management sales increased strongly in fiscal '76. Profits at the operating level showed good increases but were more than offset by costs deliberately incurred to launch a major marketing campaign for expansion in 1977 and later years. BUSINESS FOOD SERVICE added 20 new locations during the year for such major corporate clients as American Express and Kodak in New York City, Exxon in Houston and Nabisco in New Jersey. In Detroit at the large new American Center, we designed and are now providing food service for three facilities in the American Motors headquarters. INSTITUTIONS FOOD SERVICE for health care and educational clients took on several new accounts across the nation in fiscal '76. More than a dozen major hospitals were added in cities such as Richmond (Va.), New Orleans and Miami. Service began for three more educational institutions, including Georgetown University. Security Systems was not profitable in '76. A combination of disappointing sales, the write-off of some receivables and the weeding out of poor contracts had a negative impact on the division. A major management change was completed during the year and administrative expenses were cut sharply. Entering fiscal '77, several alternative plans were being studied to eliminate losses. • • • It is on the base of a good second half momentum for In-Flite and a strong, new Food Service Management organization that the Business Group enters fiscal '77. Domestic and international airline traffic is continuing to gain. Overseas flight kitchens are off to a good start. Food Service Management will benefit from $12 million in annualized new sales added during the course of '76, with more coming in '77. FIVE-YEAR GROWTH: MARRIOTT U.S. IN-FUTE VS. INDUSTRY ENPLANEMENTS Marriott Compound Sales Growth: 14.5% Industry Compound Passenger Growth: 5.0% $122 72 73 74 75 76 SI 65 S204 S236 S256 S278 GROUP SALES (in millions) Five-Year Compound Growth: 14.7% 17 I U.S. In-Flite Sales (in millions) Passenger Enplanement Growth