Marriott International / MAR
Marriott International started as a Washington D.C. root beer stand in 1927 and now has 3,000 locations in the U.S. and abroad. (Photo: Courtesy of company.)
About Marriott International
10400 Fernwood Rd., Bethesda, Md. 20817
www.marriott.com
| 301-380-3000
| Founded: 1927
Industry: Hospitality And Travel | Category: Public Companies
The hospitality giant has 3,178 properties under brands including Marriott, Renaissance and Ritz-Carlton. It also has 125,000 rooms in its development pipeline, nearly 70 percent of which are outside North America. Marriott added 26,000 net hotel rooms in its fiscal 2008 as it cut administrative and investment spending. Chief executive Bill Marriott has expressed concern that the outcry over corporate travel is hurting the hospitality business.
Chairman and CEO: J.W. Marriott Jr.
2008 Financial Data
Revenues: $12,879,000,000 | Net Income: $362,000,000Asssets: $8,903,000,000 | Earnings Per Share: $0.99
Stockholder Equity: $1,380,000,000 | Annual Dividend: $0.34
Total employees: 146,000 | Local employees: 14,283
