Keyword
in
Collection
Date
to
Marriott Corporation, 1976 Annual Report
Image 23
Citation
MLA
APA
Chicago/Turabian
Marriott International, Inc.. Marriott Corporation, 1976 Annual Report - Image 23. 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/938.

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 23. 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/938

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 23, 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/938.

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 23
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_047_023.jpg
Transcript Financial Review: ROI, Debt-to-Equity Ratios Improve; Cash Flow Continues to Climb Robert E. Koehler Senior Vice President Finance Fiscal 1976 was an outstanding year. It included successful opening of two "Great America" theme parks, turn-around of Sun Line operations, the successful sale of 1,250,000 shares of common stock, and significant improvement in balance sheet and return on investment ratios. Net income increased 41% to $30,845,000 as the company established both sales and profit records for each quarter and returned to its long- term annual growth trend objective of 15% to 20%. Productive assets (working capital, fixed and other assets) increased 35% to nearly $700 million providing a broad and expanded base for future growth and profitability and positioning the company to reach the $1 billion sales mark in fiscal 1977, its 50th anniversary year. Return on Investment Increases Return on beginning shareholders' investment increased from 9.6% in fiscal 1975 to 12.2% in fiscal 1976. Marriott's long-term program to increase return on investment through emphasis on management of hotels and redeployment of idle or low- yielding assets received several important boosts during the year. The company successfully closed joint venture agreements to manage a 1,214-room convention hotel in downtown Chicago and a 430-room expansion of the New Orleans Marriott. These projects will contribute major high-return profits in fiscal 1979 immediately after scheduled completion. In addition, Marriott commenced the operation under management contract of hotels in Tucson, Arizona and Springfield, Massachusetts. Also, negotiations are nearing completion to joint venture the conversion and operation of the idle cruise ship, the Stella Polaris, as a hotel in the Middle East. This, along with the disposal of our Athens flight kitchen in the first quarter of fiscal 1977, is a major achievement in our asset redeployment program. Improvement in return on assets is expected to continue into the 1980's. As a result of the significant increase in the equity base due to the recent stock issue, return on shareholders' investment will level in fiscal 1977 and renew its upward trend in fiscal 1978. Discretionary Cash Flow Strength Continues Marriott continues to demonstrate and strengthen its base as a "cash-flow" company. Cash flow from 21