More From Bill Marriott: Weathering Tough Times

It’s easier to take care of people in good times, but what about the bad times?  Is it still possible (or practical) to take care of people in tough times?  As Bill Marriott, chairman and CEO of Marriott International, sees it:  

“Business has become softer and business travel has come down, which is a great concern to our industry. This is a very uncertain economy, an uncer­tain world.”

But Marriott has weathered tough times in the past. “All through the 1980s we sold hotels. We sort of man­ufactured hotels to sell. In 1989 we had three or four great big hotels that we had just finished, and we had con­tracts to sell them, but then the real estate market col­lapsed and the buyers went under. So we were stuck with tremendously hard assets―brand-new hotels―and we had no leverage and way too much debt. That was really very hard. We had to lay off 1,000 people ­ thankfully we had coun­selors and placement officers to help them and we were able to find almost everyone a job.” 

“But this business [the hotel industry] has consis­tently grown over the years. World travel and tourism are constantly estimated at 6 per­cent growth. We’ve got an emerging middle class in places like India. That’s huge. Thirty-five million people trav­eled outside of China last year, and they estimate next summer it will be 100 million.”

Opportunity for All

What’s most memorable in a lifetime of service?  “It’s opportunity,” says Bill Marriott.

“I look back and think about what I’ve done and what the company has done:

Built thousands of hotels. We’ve employed literally hundreds of thou­sands of people. Everywhere I go I meet people who have worked for us, somewhere, sometime, some­place.  And we give people the opportunity to learn.

“Giving people these opportunities has just been wonderful, and to continue to do that makes me feel that we have really con­tributed to people’s lives, their livelihood, and helped them advance and grow.”

J.W. Marriott, Jr., was the 2008 Excellence in Communi­cation Leadership

(EXCEL) Award winner, one of the highest honors the International Association of Business Communicators (IABC) bestows on a leader, often a chief executive officer, managing director or president, who best exhibits leadership in fostering excellent communication.

Visit J.W. Marriott’s blog

RSS Share

Want to use this article? Click here for options!
© 2012 Penton Media Inc.


Acceptable Use Policy
blog comments powered by Disqus

Search 125,000+ Venues

Search Meeting Space

Find Event Venues with Cvent

The Meeting Planning Blog

Face2Face Latest Posts

Sign Up for Our Free E-Newsletters



Meetings Collaborative

Rate your experience with meeting venues and suppliers.

Facility / Hotel

 
Powered by: Meetings Collaborative
Aega Awards

Latest Webinar

Beyond Marketing: What Else Social Media Can Do for Your Meetings
Thursday, May 24 | 2-3 p.m. EST

Most associations know that online social networks can be handy tools to spread the word about their meetings and events. But social media can do so much more than market. Our social media expert will uncover ways you can leverage social media to discover the educational content your members are craving, engage and energize your community, build relationships, and even simplify your meeting processes. Register Now!

VIEW ALL ARCHIVED WEBINARS

Recent Comments

Powered by Disqus

Back to Top

Explore Our Newsletters

On Corporate Meetings & Incentives


Meeting Planner Survival Guide

Whether you're a novice planner or a veteran, this compilation of must-read articles is your meeting planning resource.

Must-See Meeting Files

Visit the MeetingsNet expert-advice site, where we’ve got top meeting pros on camera answering a variety of your questions as well as a collection of educational—and sometimes offbeat—editors’ pick lists — from the top tech tools to the best books for meeting professionals.

Suppliers/
Facilities/CVBs

MeetingsNet makes it easy to find the CVBs, tourist boards, and facilities you need for your next meeting.

Deal Finder

Special offers brought to you by MeetingsNet.

Find A Job

Targeted to all aspects of the hospitality and special events industry.

SMM PORTAL

Your source for Strategic Meetings Management info and intelligence

Facebook   Twitter   LinkedIn   RSS Feed

Inside Current Issue

May 2012

April 2012

March 2012

February 2012

January 2012

Browse Back Issues