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Hilton Hotels, 1962 Annual Report
Image 9
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Hilton Hotels Corporation. Hilton Hotels, 1962 Annual Report - Image 9. 1962. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 18, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/120/show/88.

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. (1962). Hilton Hotels, 1962 Annual Report - Image 9. 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/120/show/88

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, 1962 Annual Report - Image 9, 1962, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed February 18, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/120/show/88.

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, 1962 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1962
Description Hilton Hotels Annual Report for calendar year 1962.
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 9
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_015_009.jpg
Transcript sizeable capital funds have been expended, are expected to commence contributing to earnings in the near future. Excess capacity in some areas in the hotel industry has been created by changing tastes, new habit patterns and greater mobility of hotel customers. The industry, which had been constructing hotels and motels to catch up with pent-up demand of the postwar years, has attempted to satisfy the new requirements by designing and building new accommodations. Many of the older hostelries, while outmoded, are still usable. Thus there has been a decline in average occupancy. The emphasis has shifted from providing rooms to improving service, salesmanship and business management. Hilton Hotels attained its position of industry leadership through close attention of these fundamentals of modern hotel management. We have continued to sharpen our operating skills through applications of techniques learned, to some extent, from leaders of other industries. Hilton Hotels has derived a benefit from the developments and changes in the hotel industry. Our forte is the knowledge of how to operate hotels under varying conditions and customs in many countries. Thus, we are being sought out by real estate investors all over the Free World as well as within the United States who recognize the need for management skills and the benefits of group operation. The major criterion in selecting a site for the operation of a hotel is that the vitality of a city and area has outpaced the quantity and quality of its first class accommodations. There are still many locales where new or rehabilitated hotels, with the proper management, are not only justified but a practical necessity. Substantial earnings for both Hilton Hotels and the owners can be developed from properties such as the Kansas City Hilton Inn, opened in July, and the Worcester Hilton Hotel now under construction. In each case Hilton has a management contract but no equity investment. We plan to accelerate our domestic expansion by agreements of this type. This program will provide more reservation referrals to other hotels in the system, step up the benefits of mass purchasing, and gain better utilization of dollars spent in national advertising campaigns. This is not a "franchise" program as control of operations is retained by Hilton. We are not contemplating any major investment in new hotels in the United States beyond those already under construction. As we are primarily hotel operators, we are endeavoring to increase return on invested capital by spreading available investment dollars over the largest number of suitable properties in a worldwide network. This goal can be furthered through partnerships, leaseholds and management contracts rather than concentrating investment dollars in large equity ownerships in major hotels. This principle has been proven by the fact that the Corporation receives its highest percentage return on invested capital from those hotels abroad which are built by others to Hilton's specifications and operated for a percentage of the profits. With 75 hotels and inns in operation, under construction or under contract, we are approaching the day when travelers will be able to take world tours and stay in Hilton Hotels in nearly every area they visit. In each instance, the hotel will provide local character while maintaining Hilton standards. Travelers stopping at Hilton Hotels are from many lands. We feel confident that as additional overseas Hilton Hotels are opened the number of guests from other countries stopping at our domestic hotels will increase. By being aggressive and yet selective in expanding the system, by optimizing the use of investment capital, by developing a flow of travelers around the world and by disposing of those hotels which do not fulfill our investment aims, we are optimistic that Hilton Hotels will prosper during the industry's period of digesting its excess capacity. Our thanks to our customers for patronizing Hilton Hotels. We are grateful to employees, shareholders and business associates for their loyalty and contributions to the Corporation's efforts. March 8, 1963 CONRAD N. HILTON Chairman and President