2005 Post 200
Marriott International Inc.
10400 Fernwood Rd.
Bethesda, Md. 20817
www.marriott.com
Industry: Hospitality/travel
Post 200 Category: Top 125 Companies
Revenue: $10.10 Billion
Net Income/Loss: $596.00 Million
Earnings per share: $2.48
Dividend: $0.33
Stockholder equity: $4.08 Billion
Auditor: Ernst & Young LLP
Stock: MAR
Assets: $8.67 Billion
Market capitalization: $15.09 Billion
52-week high: 69.22 4/13/2005
52-week low: 43.38 4/21/2004
Chairman and CEO: J.W. Marriott Jr.
President and COO: William J. Shaw
Employees: 133000
Local employees: 13165
Description: Marriott is the world's biggest hotel company. It manages more than 2,600 properties under brand names that include Marriott, J.W. Marriott, Renaissance, Ritz-Carlton, Residence Inn, Courtyard and Fairfield Inn. It also operates time-share vacation resorts, corporate housing and conference centers.
Developments: Few companies benefited more from the return of the travel business last year than Marriott, as operating income from its lodging business rose 20 percent. It reflected, the company said, an improving economy, the return of business travelers,and consumers more inclined to take trips than any time since the Sept. 11, 2001, terrorist attacks. Its earnings rose 19 percent in 2004, to $596 million. With its business recovering, Marriott is pushing for aggressive investment in its properties, particularly to persuade owners and franchisees of the hotels that carry its brands to invest in better design, along with improved restaurants, spas and other amenities. Most of those changes will take place over many years, but Marriott is moving more aggressively with one project: It is insisting that owners and franchisees spend $190 million on new, 300 thread-count sheets, duvet covers and other bedding in 2,400 hotels by the end of 2005. Marriott added 166 new hotels with 27,000 rooms in 2004, continuing its aggressive expansion abroad, especially in China, with the opening of the Renaissance Suzhou Hotel in February. Closer to home, Marriott is set to manage a large hotel that D.C. officials seek to build next to the Washington Convention Center, although that plan has been bogged down in political skirmishes over the past year.
Executive Compensation
Chairman and CEO: J. W. Marriott Jr.
Total Cash: $2,265,536.00
Total Compensation: $11,968,625.00
CFO: Arne M. Sorenson
Total Cash: $1,024,379.00
Total Compensation: $10,945,217.00
President and COO: William J. Shaw
Total Cash: $1,694,784.00
Total Compensation: $6,285,849.00
Executive Vice President: Joseph Ryan
Total Cash: $971,045.00
Total Compensation: $4,276,813.00
Executive Vice President: James M. Sullivan
Total Cash: $1,024,379.00
Total Compensation: $4,075,319.00