2006 Annual Report
MARRIOTT INTERNATIONAL, INC. 2006 Annual Report Celebrating 80 years of service MARRIOTT...the place to be. Celebrating 80 years of service As Marriott embarks on its 80th year as a hospitality provider, its long and distinguished history of innovation and growth provides a remarkable insight into what lies ahead. As a lodging leader, Marriott has a tradition of providing exceptional quality, service and value at more than 2,800 hotels. Yet, it is innovation that perpetually drives the company forward—by providing a product that is relevant and current to meet the changing expectations, tastes and comfort trends of our guests. Marriott’s capacity for adaptability was clearly evident in the 2006 renovation and reopening of the Hurricane Wilma-ravaged JW Marriott Cancun Resort & Spa (shown below), whose new windows can now withstand Category Five hurricane winds. ON THE COVER: The JW Marriott Hotel Hong Kong was the company’s first hotel in Asia nearly 20 years ago. Today, it stands among more than 80 Marriott-branded hotels in Asia, which continues to be a source of tremendous growth for Marriott, with a forecasted addition of more than 11,000 hotel rooms by the end of 2009. CONTENTS Brand Overview.......................................................................... 2 513,832 499,165 Executive Letter.......................................................................... 9 482,186 22% 465,141 1.66 442,926 Financial Review ........................................................................ 11 $ 417,869 1.45 382,599 $ Financial Statements................................................................ 37 18% 1.24 16% Notes to Financial Statements.............................................. 41 $ .97 .96 14% 87 13% $0 $0 Shareholder Return Performance Graph.......................... 63 12% $0. Quarterly Financial Data ......................................................... 64 10% .52 Selected Historical Financial Data......................................
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