1984, J.W. Marriott Hotel named after the founder of the company opened in Washington, USA. J.W. Marriott Hotel brand is an ultra-luxury hotel brand upgraded on the basis of Marriott Hotel standards, providing guests with more luxurious and comfortable facilities and distinctive high-level services.
1984, Marriott launched two new brand hotels, fairfield Hotel and Marriott Suite Hotel. By the end of 1989, Marriott has developed into a large hotel group with 539 hotels and 134000 rooms.
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Development history
The first Marriott Hotel opened in Washington, DC on 1957. Under the guidance of the company's core business philosophy and based on early successful management experience, Marriott Hotel has grown rapidly and made great progress.
By 198 1, the number of Marriott hotels has exceeded 100, and there are more than 40,000 high-standard rooms, which set an annual sales of $2 billion that year.
In the sustained and rapid development, Marriott International acquired the Ritz-Carlton, the world's leading top luxury hotel chain, with 1995. This move makes Marriott the first hotel group to have high-quality brands of various grades.
Marriott Hotel reported a loss in the third quarter of 20110. According to the report, Marriott's net loss in the third quarter was $6,543.8+$79 billion, because it included expenses related to its timeshare business. Marriott is the only one of the top ten hotel management groups in the world that suffered a loss in the third quarter.
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