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By: Allie Leon

By: Allie Leon. Mod 10: Incorporating Other Information. The Lodging Industry. Marked by intense competition Over 850 lodging management companies in the US alone Experienced significant decreases in room reservations during the recession

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By: Allie Leon

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  1. By: Allie Leon Mod 10: Incorporating Other Information

  2. The Lodging Industry • Marked by intense competition • Over 850 lodging management companies in the US alone • Experienced significant decreases in room reservations during the recession • Large trend toward international expansion (especially into Africa) • Key competitors: Intercontinental Hotel Group, the Starwood Hotels, Hyatt, and Hilton Hotels & Resort

  3. Marriott International, Inc. • The largest hotel chain in the world • Controls about 10 % of US hotel market and 1% worldwide • Main operations are in the US, although strong presence in Canada, the UK, and China • Made up of 19 brands • Ritz Carlton, JW Marriott, Fairfield Marriott, Courtyard Marriott, etc. • 3900 lodging properties in 72 countries • Plans to open 100 new properties, adding 18 countries, by the end of 2014 • Most revenue from franchise arrangements • Primary customers are business travelers

  4. Income Statement Items

  5. Balance Sheet Items

  6. Deferred Taxes Breakdown

  7. Other Useful Information • Better breakdown of long-term debt • More detail relating to general, administrative, and other costs • Details on pension obligations

  8. Questions??

  9. Sources • Marriott International, Inc. 2013 10K

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