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Hilton Hotels, 1953 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1953 Annual Report - Image 20. 1953. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. September 24, 2017. http://digital.lib.uh.edu/collection/hiltonar/item/1519/show/1514.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Hilton Hotels Corporation. (1953). Hilton Hotels, 1953 Annual Report - Image 20. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from http://digital.lib.uh.edu/collection/hiltonar/item/1519/show/1514

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Hilton Hotels Corporation, Hilton Hotels, 1953 Annual Report - Image 20, 1953, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed September 24, 2017, http://digital.lib.uh.edu/collection/hiltonar/item/1519/show/1514.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Title Hilton Hotels, 1953 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1953
Description Hilton Hotels Annual Report for calendar year 1953.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Hilton Hotels Corporation
Genre (AAT)
  • annual reports
Language English
Type (DCMI)
  • Text
  • Still Image
Original Item Location Conrad N. Hilton Papers
Digital Collection Annual Reports from the Hospitality Industry Archives
Digital Collection URL http://digital.lib.uh.edu/collection/hiltonar
Repository Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston
Repository URL http://www.uh.edu/hilton-college/About/hospitality-industry-archives
Use and Reproduction This image is in the public domain and may be used freely. If publishing in print, electronically, or on a website, please cite the item using the citation button.
File Name index.cpd
Item Description
Title Image 20
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_006_020.jpg
Transcript and Subsidiaries SUMMARY OF CONSOLIDATED EARNINGS for the five years ended December 31, 1953 GROSS REVENUE EXPENSES 1953 1952 1951 1950 1949 Rooms Department $39,307,529 $34,331,105 $31,350,484 $28,248,855 $19,624,629 Food and Beverage Department 45,301,690 40,950,719 38,215,048 33,822,503 21,079,609 Other Operated Departments 9,649,254 8,983,416 7,869,696 7,088,476 5,424,123 Other Income 1,839,273 1,555,618 1,422,105 1,311,652 681,677 Store Rentals 1,471,666 1,334,514 1,316,047 1,270,166 953,719 Interest on Investments 124,578 63,152 48,835 54,109 41,637 total gross revenue $97,693,990 $87,218,524 $80,222,215 $71,795,761 $47,805,394 Operated Departments $53,265,104 $47,683,216 $44,052,000 $39,017,530 $26,444,235 Administrative and General 9,572,412 8,275,935 7,276,940 6,236,809 3,646,620 Advertising and Business Promotion 2,115,632 1,802,294 1,578,280 1,289,375 934,372 Heat, Light and Power 3,076,723 2,671,729 2,454,960 2,157,643 1,530,851 Maintenance and Repairs 6,519,117 5,063,585 4,328,086 3,456,026 2,470,581 Lease Rentals 4,687,984 3,351,809 2,706,456 2,388,943 182,599 Real Estate and Personal Property Taxes 3,053,159 2,926,238 2,574,738 2,328,134 1,717,022 Depreciation and Amortization 3,996,447 3,835,806 3,445,779 3,082,458 2,539,522 Interest 1,296,507 1,230,910 1,236,834 1,147,080 845,834 Other Operating Costs 216,834 276,205 14,108 — Provision for Income Taxes 4,793,205 5,153,529 5,398,265 4,634,733 2,849,806 Other Capital Charges 792,819 760,855 625,977 658,751 232,864 total expenses $93,385,943 $83,032,111 $75,692,423 $66,397,482 $43,394,306 net profit before other additions or deductions $ 4,308,047 $ 4,186,413 $ 4,529,792 $ 5,398,279 $ 4,411,088 OTHER ADDITIONS OR (DEDUCTIONS) NET PROFIT Gain or (Loss) on Sales or Abandonments of Capital Assets $ 3,081,562 Contribution to Pension Trust (500,000) Sundry Others Net 31,836 Provision for Applicable Taxes (516,369) Adjustments for Prior Years 98,521 TOTAL OTHER ADDITIONS OR DEDUCTIONS $ 2,195,550 TOTAL NET PROFIT $ 6,503,597 Deduct Minority Interest 89,597 $ 6,414,000 $ 334,301 $ (1,339) $ (796) $ (273,415 (400,000) (400,000) — — 156,350 (138,188) 117,108 20,944 45,553 294,042 (53,704) 95,939 380,272 — — — $ 516,476 $ $ (245,485) $ 4,284,307 $ 62,608 5,460,887 $ (156,532 $ 4,702,889 $ 4,254,556 181,474 343,492 605,554 122,883 $ 4,521,415 $ 3,940,815 $ 4,855,333 $ 4,131,673 19