Scott Mayerowitz

(The Associated Press) Bill Marriott will be retiring as CEO of Marriott International Inc., but he will still be chairman of the board of the company.

Bill Marriott reflects on four decades in the hotel business

Somewhat retiring Bill Marriott reflects on four decades in the hotel business

By SCOTT MAYEROWITZ

The Associated Press

BETHESDA, Md. -- Bill Marriott has revolutionized the hotel business over the past four decades.

This undated photo provided Marriott International, shows J.W. Marriott Jr. the CEO of Marriott International Inc., the company his father founded with just a root beer stand in 1927. The hotel executive, who turns 80 on March 25, 2012, is stepping down as CEO but will remain at the company as chairman of the board. (AP Photo/Marriott International Inc.)

Bill Marriott reflects on four decades in the hotel business

BETHESDA, Md. — Bill Marriott has revolutionized the hotel business over the past four decades.

As CEO of the company that bears his family’s name, Marriott led the industry in opening hotels next door to highway exits and suburban office parks. He was also a pioneer in catering to niche markets. In 1983, he launched Courtyard, a chain for cost-conscious business travelers. Today, Marriott has 18 brands, including Fairfield Inn for budget travelers and Ritz-Carlton for the luxury set.

In this July 16, 2009 photo, the schooner Liana's Ransom sails past the cruise ship Carnival Triumph in Halifax. Carnival Cruise Line won't say exactly what percent drop it has seen in bookings but disclosed Monday, Jan. 30, 2012, that in the 12 days following the Concordia grounding there was a decline. (AP Photo/The Canadian Press, Andrew Vaughan)

Cruise bookings fall after Concordia shipwreck

NEW YORK -- The frightful images of a sinking Italian cruise ship have scared off some cruise passengers, at least temporarily, during the industry's peak booking season.

Travel agents -- who book more than two-thirds of cruise passengers worldwide -- have been nervously watching bookings ever since the Costa Concordia, which is owned by Carnival Corp, ran aground on Jan. 13.

American Airlines in bankruptcy

American Airlines used to bill itself as "something special in the air," and it was.

(VINCENT YU/The Associated Press) An All Nippon Airways Boeing 787 lands after its inaugural commercial flight from Japan, at Hong Kong International Airport on Wednesday, Oct. 26, 2011. The jet, nicknamed The Dreamliner by Boeing Corp., was flown by Japan’s All Nippon Airways and was packed with aviation reporters and enthusiasts — some of whom paid thousands of dollars for the privilege.

Boeing 787’s inaugural flight lands in Hong Kong

HONG KONG — The first commercial flight for Boeing’s 787 jet has landed, after a 4-hour, eight-minute flight from Tokyo to Hong Kong.

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