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BILL MARRIOTT, CEO, REFLECTS ON 40 YEARS AT HOTEL GIANT

Aruba, April 18, 2012 - Bill Marriott has revolutionized the hotel business over the past four decades.

As CEO of the company that bears his family's name, Marriott led the industry in opening hotels next door to highway exits and suburban office parks. He was also a pioneer in catering to niche markets. In 1983, he launched Courtyard, a chain for cost-conscious business travelers. Today, Marriott has 18 brands, including Fairfield Inn for budget travelers and Ritz-Carlton for the luxury set.

But perhaps Marriott's biggest innovation was his decision to transform the company into one that manages – but does not own – its properties. That left the company a steady stream of revenue but little exposure to fluctuating real estate values and vacancy rates.

Read more / Source: http://www.huffingtonpost.com/2012/03/14/bill-marriott-ceo-reflect_n_1344073.html

 

By orbitalnets.com