Word: marriott
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Dates: during 1970-1979
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...Plate" goes for $4.75) as their food is plain. As one old saw puts it, "Howard Johnson's ice cream comes in 28 flavors and its food in one." In motor lodges the company has fallen behind the quality standards of such major rivals as Holiday Inns and Marriott. Though the company has had record sales and profits for four years running -1978's earnings were $33.6 million on revenues of $555 million-gasoline shortages have slowed the growth markedly this year...
...perfectly legal--as legal as the Mormons investing money in Marriott Hotels, as legal as the Catholic Church investing in Pepsi-Cola. The Unification Church-linked enterprises manage to evade any complications in dealing with their foreign contingents, and the money they receive from their international corporations--after passing through a myriad of businesses and church connections--is laundered clean...
...Robert Malott, Borg-Warner's James F. Berg, Broyhill Furniture's Paul Broyhill, Textron's Joseph Collinson. Add to them presidents (Boeing Commercial Airplane's E.H. Boullioun, Occidental Petroleum's Joseph Baird) and former chief executives (AT&T's John deButts, Marriott's J. Willard Marriott, Texas Instruments' J. Erik Jonsson, General Foods' C.W. Cook, American Airlines' C.R. Smith...
...Denver, occupancy rates seem to be climbing faster than the market price of silver. The only way that would-be guests can see the inside of a room at the Beverly Hills Hotel is to buy a $4 ticket to the film California Suite, and the Los Angeles Marriott, a 1,020-room slab within easy earshot of the airport runways, is expected to hit 100% occupancy for more than 150 days this year. The squeeze is much the same in Detroit (where guests sometimes have to settle for space in Ann Arbor, an hour's drive away...
High occupancy and rising rates lead to enviable profits. Earnings of Holiday Inns were up 24% in the first nine months of 1978, while Marriott ended its fiscal year up 30%. Hilton had the highest earnings for any month in its history last October: $9.3 million...