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Hilton Hotels, 1962 Annual Report
Image 11
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Hilton Hotels Corporation. Hilton Hotels, 1962 Annual Report - Image 11. 1962. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 26, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/120/show/90.

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 11. 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/90

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 11, 1962, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 26, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/120/show/90.

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 11
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_015_011.jpg
Transcript REVENUES Report on Operations TOTAL FOOD AND BEVERAGES ROOMS ALL OTHERS MILLIONS OF DOLLARS ^^^^^^ 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 REVENUE: In 1962, gross revenues amounted to $223,246,816, compared with the 1961 total of $235,177,977. The disparity between the two years was not as great as the figures would seem to indicate. Operating units which contributed to consolidated revenue during the full twelve months of both years accounted for only $5,131,722 of the decrease. Revenues from two large operating units, the Hilton Hawaiian Village, which was sold in December, 1961, to a company in which this Corporation has a fifty per cent interest, and The Savoy Hilton, which was sold in June, 1962, are no longer included in gross revenue. The sale of these two hotels which are now operated under management contracts, reduced gross revenues $11,902,002. A partial offset was an increase of $5,102,563 in revenues from other units not operated for the full two-year period under comparison. The sources of revenues according to operating departments were as indicated in the following two- year comparison: 1962 1961 Rooms $ 95,337,826 Food and beverage 100,877,290 Other operated departments 16,887,919 Store and office building rentals... 4,231,740 Interest on investments 808,431 Other income 5,103,610 $100,619,492 106,360,822 17,031,153 4,772,044 1,225,588 5,168,878 $223,246,816 $235,177,977 The United States hotel and motel industry has constructed new rooms at a more rapid pace than new customers have developed. Therefore, the