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Hilton Hotels, 1957 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1957 Annual Report - Image 4. 1957. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. August 12, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/1056/show/1027.

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. (1957). Hilton Hotels, 1957 Annual Report - Image 4. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from https://digital.lib.uh.edu/collection/hiltonar/item/1056/show/1027

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, 1957 Annual Report - Image 4, 1957, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed August 12, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/1056/show/1027.

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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Compound Item Description
Title Hilton Hotels, 1957 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1957
Description Hilton Hotels Annual Report for calendar year 1957.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Hilton Hotels Corporation
Genre (AAT)
  • annual reports
  • business records
Language English
Type (DCMI)
  • Text
  • 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 No Copyright - United States
File Name index.cpd
Item Description
Title Image 4
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_010_004.jpg
Transcript TO OUR SHAREHOLDERS: Your Company in 1957 continued to strengthen its position as the world's leading operator of hotels. Revenues were at an all-time peak and for the first time exceeded $200,000,000. Despite generally higher costs and heavy expenditures for improvements, operations returned a profit exceeded only by the record attained in 1956. There were no sales of property during the year and income derived in 1957 from such sales in prior years was modest. Nonetheless, consolidated net profit for 1957 was higher than in any year prior to 1956, when profits from the sale of properties reached record proportions. Your Company's domestic expansion in 1957 was highlighted by the acquisition of The Savoy-Plaza in New York and the beginning of construction of the luxurious new Pittsburgh Hilton located in the Golden Triangle district of the Steel City. The most ambitious improvement program in our history was substantially completed during the year. Air-conditioning projects alone involved a total expenditure of $8,000,000 in 1956 and 1957. The construction of lanai cabanas around The Shamrock Hilton's fabulous swimming pool added new dimensions to the Houston, Texas, hotel. At The Waldorf-Astoria, a unique telephone dial system was installed to permit individual guest dialing of local and long distance calls. Abroad, Hilton Hotels International, Inc., brought another hotel, El Panama Hilton, into its sphere of operations. Construction also proceeded on five hotels, three and possibly four of which should be open for business this year. Plans were made and contracts drawn for the construction of additional hotels in other nations around the globe. A new wing of one hundred rooms was completed at The Caribe Hilton in Puerto Rico to accommodate the growing demand for space at this popular hotel. The long range expansion program of Hilton Hotels International contemplates the operation by 1960 of nineteen hotels outside the continental limits of the United States with a total capacity of 7,000 rooms. At the 1957 year end, the Hilton system comprised thirty of the world's finest hotels, with a total of 24,912 rooms. Stockholders as owners of the Corporation will enjoy these unsurpassed hotel accommodations when their travels take them to any of the Hilton cities around the world. Your visit can be made more convenient by use of a Hilton-Statler credit card to charge hotel rooms and services, car rentals and to cash checks. If you do not have a credit card, apply for one by writing to the Credit Card Division, Hilton Hotels Corporation, 9970 Santa Monica Boulevard, Beverly Hills, California. The temporary clouds of economic readjustment have not dimmed your Corporation's confidence in further growth both for itself and for the economy in general. We at Hilton Hotels are substantially reducing expenses in a number of operating areas which should improve profit margins. In the future our business will benefit from the coming of the jet age in commercial aviation. The comfort and speed of jet aircraft will stimulate domestic and international air travel a^ • L Ulim dir travel and increase the demand for hotel accommodations The support of the loyal Hilton organization of 25,000 men and women and the 7,000 stockholders further bolsters our confidence in the future. March 12, 1958 President