Advertisement

Profits from three major lines of businesses,...

Share

Profits from three major lines of businesses, with strong increases in lodging and contract food services, plus modest gains in restaurants, contributed to a 15% gain in profit for the Marriott Corp. of Washington for the 1986 fiscal year. Sales increased 24% over the same period in 1985. A spokesman said that results reflected a continued overall favorable economy and increased domestic travel, as well as the acquisition of Saga Corp. in mid-1986 and Howard Johnson Co. in late 1985.

Advertisement