Industry Consolidation In the International Lodging Industry. Chris Roberts University of Massachusetts. Agenda. IO Economics Concentration ratios 1950s–1970s: courteous competition 1980s: brand segmentation, growth 1990s: mergers & acquisitions 1990s: Divestment from gaming in US
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Industry ConsolidationIn the International Lodging Industry
University of Massachusetts
Marriott Hotels & Resorts/Suites
Marriott Executive Center
Suites, Vacation, Resorts
Hotels, Guest Suites, Clubs
Company #Properties #Rooms
Applied for permit and was denied (1993)
Divested Harrah’s Entertainment (1995)
Separated into Park Place Entertainment (1999)
Selling all gaming interests (1999-2000)
Expanding: 8 casino/hotels & 3 casinos
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