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CNNMoney.com
Marriott
Sets New Supplier Diversity Goal
Program Expansion to
Include LGBT and International Markets
PRNewswire from the
Web, August 16, 2007
BETHESDA, Md. -- Marriott
International, Inc. announced today plans to increase spending among diverse
suppliers to 15 percent by 2009. Additionally, the program will expand to
include a new category for Lesbian, Gay, Bi-sexual and Transgender (LGBT)
suppliers and international markets, Brazil and the United Kingdom.
"Last year, our company reached record levels in spending," said Mike Tobolski,
senior director, Diversity Initiatives, Marriott International, Inc. "We
plan to build on our company's success in the U.S. and expand our program to
nurture relationships internationally and within the LGBT community."
In April, Marriott became a corporate member of the National Gay and Lesbian
Chamber of Commerce. Additionally, Marriott announced, earlier this year,
a record spend of $400 million among diverse suppliers in 2006, $40 million
alone with Hispanic-owned businesses. In 2005, the company set a goal to
spend more than $1 billion with diverse suppliers by 2010. Marriott is
well on track to achieve its goals ahead of schedule.
The success of Marriott's diversity programs has been nationally recognized.
This year, Marriott was named "Top 50 Companies for Supplier Diversity" by
Hispanic Trends magazine, "Top 50 Companies for Diversity" by DiversityInc and
"Top 40 Companies for Diversity" by Black Enterprise.
For more information on Marriott supplier diversity program, visit
http://www.marriott.com.
MARRIOTT INTERNATIONAL, INC. is a leading lodging company with nearly 2,900
lodging properties in the United States and 68 other countries and territories.
Marriott International operates and franchises hotels under the Marriott, JW
Marriott, The Ritz-Carlton, Renaissance, Residence Inn, Courtyard, TownePlace
Suites, Fairfield Inn, SpringHill Suites and Bulgari brand names; develops and
operates vacation ownership resorts under the Marriott Vacation Club, Horizons
by Marriott Vacation Club, The Ritz-Carlton Club and Grand Residences by
Marriott brands; operates Marriott Executive Apartments; provides furnished
corporate housing through its Marriott ExecuStay division; and operates
conference centers. The company is headquartered in Bethesda, Md., and had
approximately 151,000 employees at 2006 year-end. It is ranked as the
lodging industry's most admired company and one of the best places to work for
by FORTUNE(R). The company is also a 2006 U.S. Environmental Protection
Agency (EPA) ENERGY STAR(R) Partner. In fiscal year 2006, Marriott
International reported sales from continuing operations of $12.2 billion.
For more information or reservations, please visit our web site at
http://www.marriott.com.
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