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Hilton Hotels, 1957 Annual Report
Image 20
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Hilton Hotels Corporation. Hilton Hotels, 1957 Annual Report - Image 20. 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/1043.

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 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 https://digital.lib.uh.edu/collection/hiltonar/item/1056/show/1043

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 20, 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/1043.

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 20
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_010_020.jpg
Transcript I r~i II It is necessary in managing any business to know and to analyze the sources of income and the expenses incurred in creating that income. The major sources of Hilton income are the sale of rooms, food and drink which account for nearly 88 cents of each $1 taken in. Telephone, other departments, rentals and other income are not to be overlooked as together these sources are greater than the sale of beverages. The payroll expenditure, which takes 40.10 of every $1, indicates that the human factor is as important in terms of expense as it is in terms of service. Repairs, property taxes, rentals, interest and depreciation totaling 20.40 represents the cost of facilities. After all other costs and expenses, there is a profit of 8.40, over half of which is required for taxes, leaving 4.1 0 of which 2.50 was distributed in dividends. I—} in^i cd & n d Regular quarterly dividends of 30 cents per share were paid on the common stock throughout 1957. The payments, on March 1, June 1, August 31, and December 2, totaled $1.20 per share, the highest on record, and compares with $1.10 per share paid in 1956. Regular quarterly dividends were also paid throughout the year on the 5% First Preferred Stock, Series A, and from the time of its issuance in February, on the 5lA% Cumulative Voting Preferred Stock, Series A. Total dividend payments in 1957 on all classes of stocks amounted to $5,232,995, compared with $4,295,157 the year before. There remained after payment of dividends a balance of net profit of $4,830,623 which was retained in the business for future expansion. 18