Marriott International Inc.

Paper Summary:

This paper examines Marriott International Inc., a world-wide leader in the field of hospitality companies. It looks at how the company became 75-years-old in the year 2002 and how it started as a small root beer stand that had been opened in Washington, DC in 1927 by J. Willard and Alice S. Marriott. It also examines how, today, it is a group of more then 2,600 lodging properties and has a total of 471,500 rooms all over the United States and 68 other countries and how the group has hotels distributed in 17 different categories, and the categories of the hotels are different. They have a total range from all-suite hotels to relatively simpler lodgings. The objective of having different brands is simple; they would like to meet the needs of all types of people.

Outline
History
Major Subsidiaries and their Distribution
Corporate Development
New Areas for Marriott
The Position of Marriott in the Hotel Industry
Conclusion

From the Paper:

"The Company was listed for the first time as Marriott Corporation and was listed first in New York Stock Exchange. Since then there have been quite a few activities that merit attention. The first was the conversion of the entity to a public limited company in 1953. In 1993, there was a division of Marriott International from Marriott Corporation. Then the name was changed to Host Marriott Corporation. Again, there was a separation of Marriott International from Host Marriott Corporation on March 27th, 1998. Then the old company of Marriott International was merged with another company and the name changed to Sodexho Marriott Services. The newly separated company that was formed, was then put in charge of the lodging, distribution services and senior living services business and was renamed Marriott International Inc in 1998 itself."

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