Marriot Corporation: Cost of Capital By Xue Fan Background Marriott Corporation began in 1927 with J. Willard Marriott’s root beer stand. Over the next 60 years‚ the business grew into one of the leading companies in industry in United States. In 1987‚ Marriott’s sales grew by 24% and its return on equity stood at 22%. Sales and earnings per share had doubled over the previous 4 years‚ and the company strategy was aimed at continuing this trend. Marriot Corporation had three major lines
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and 18 brands such as The Ritz Carlton‚ JW Marriot Hotels‚ Bulgari Hotels and resorts and few others around the world. Founded by J. Willard and Alice Marriott and guided by Marriott family leadership for more than 80 years‚ the company is headquartered in Bethesda‚ Maryland‚ USA‚ and reported revenues of nearly $13 billion in fiscal year 2013. Since 1927‚ Marriott has been known for a culture that puts people first. They are growing globally and opening up a world of experiences and opportunities
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Higher Diploma in International Hotel & Tourism Management Research Paper Peggy wong ApRIL 2010 An Analysis of training systems in JW Marriott Hotel to affect the QGS Statement of Authenticity This paper is an original and authentic piece of work carried out by myself. I have fully acknowledged and referenced all secondary sources of information. It has not been presented in whole or in part for assessment elsewhere. I have read the examination regulations and am fully aware
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Phoenix John R. Triplett Team B: Assignment from the Readings Ch. 11: Interpreting Financial Statements BYP11-4 BYP11-4 Marriott Corporation split into two companies: Host Marriott Corporation and Marriott International. Host Marriott retained ownership of the corporation’s vast hotel and other properties‚ while Marriott International‚ rather than owning hotels‚ managed them. The purpose of this split was to free Marriott International from the “baggage” associated with Host Marriott‚ thus allowing
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THEORETICAL BACKGROUND 6 ORGANISATION STRUCTURE 7 ORGANISATION CULTURE 8 ORGANISATION VALUES 9 THE RITZ-CARLTON LLC 10 VALUES 10 The Mission/ the Moto 10 The Vision / Credo 10 STRUCTURE 11 CULTURE 11 MARRIOTT INTERNATIONAL. 13 STRUCTURE 13 THE MARRIOT INC. VALUES ANALYSIS 14 Marriott Mission Statement 14 COMPARATIVE ANALYSIS 16 CONCLUSION 20 REFERENCE: 21 APPENDIXES 24 APPENDIX 1 24 APPENDIX 2 25 Executive Summery In assignment represent my research on The Ritz-Carlton and
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they are applying‚ and compensation-related challenges they are facing. Marriott International‚ Inc.-formed in 1993 when Marriott Corporation split into two separate companies-is the world’s leading lodging and contract services company. Marriott International has two operating groups: Marriott Lodging‚ which generates about 60 percent of company revenue‚ and the Marriott Service Group‚ its contract services operation. Marriott Lodging manages or franchises more than 1‚350 lodging properties under
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attracts both customers and employees? As it is known the combination of such important criteria as innovation‚ people management‚ social responsibility‚ financial performance‚ use of corporate assets‚ investment‚ quality of products and services make Marriott International one of “100 Best Companies to work for” as Fortune magazine stated in year 2007 and earlier. However‚ out of these criteria there are couple major ones that create company’s mission statement and the basis for their strategy. Marriott’s
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Vision Making tomorrow better then today Vision of Marriott Marriott International have core values rather similar to a Mission Statement: "The core values established by the Marriott family over 80 years ago have served our company well and will continue to guide our growth into the future. Foremost of these core values is the enduring belief that our associates are our greatest assets. Core Values >> There is a "Marriott Way." It’s about serving the associates‚ the customer‚
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product by experimentation or accident not by detailed strategic planning. Marriott’s getting into the business of supplying food to the airlines. Marriot was founded by J. Willard Marriott. Marriot opened first as a root beer and later expended their enterprise into a chain of nine profitable restaurants and hotels. Marriott shop # 8 located near Hoover Airport in Washington‚ D.C‚ attracted entirely a different clientele than
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| Case Study 2 | Marriott International | | Andrea Blubaugh | 10/22/2012 | BACKGROUND In 1927 J. Willard Marriot and his wife‚ Alice opened a root beer stand in Washington D.C.‚ the Hot Shoppe. They served tamales‚ chili‚ and tacos during the winter months. In 1929 Hot Shoppes was incorporated in Delaware as Hot Shoppes Inc. Hot Shoppes went public in 1953. Marriot’s first hotel‚ the Twin Bridges Marriot was also opened in Arlington‚ Virginia. In 1966 Marriot acquired an airline
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