working capital turnover for marriott in 2014

Working capital turnover for marriott in 2014 plus#

Parent Company: Company that owns one or more brands.Owner Company: Company that primarily owns, rather than franchises or manages, lodging properties. To be coded in the STR database as “the” owner, a company must have majority ownership (51% or more) of the property.Each company member has a voice in company operations. Membership Company: Company in which independently owned and operated lodging properties operate under a single membership affiliation while sharing a global reservations system, marketing, advertising, purchasing, training and quality standards with fewer constraints than a traditional franchise company.Management Company: Company that manages a property’s operations for its owners, typically in return for fees and/or revenue share.

Members share benefits, like brand identity, corporate image advertising, centralized reservation systems, corporate training programs and volume purchasing.

Working capital turnover for marriott in 2014 plus#

Franchise Company: Group of independently-owned operations that have been issued a contract to use a specific name and logo, purchased for an annual fee plus “royalties” - usually based on a percentage of sales.

Developer: Company that prepares a site and builds as a lodging facility for commercial use.

Asset Management Company: Company that manages investments on behalf of the owner.

Architect: Person or entity responsible for hotel project design, planning and, in many cases, construction supervision.