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Hilton Hotels, 1962 Annual Report
Image 13
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Hilton Hotels Corporation. Hilton Hotels, 1962 Annual Report - Image 13. 1962. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 4, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/120/show/92.

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 13. 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/92

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 13, 1962, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 4, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/120/show/92.

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 13
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_015_013.jpg
Transcript domestic hotel industry's room occupancy rate declined to 61 per cent in 1962 from 62 per cent in 1961. Hilton Hotels' average occupancy for domestic units, faring slightly better than the industry average, was 61.6 per cent, a decrease from 63.8 per cent the year before. While new modern hotel and motel accommodations are still needed in thriving communities, the existence of older sub-marginal buildings will have a depressing effect on occupany rates until they are abandoned. At December 31, 1962, the Corporation had 47 hotels and inns in operation around the world with a total of 31,236 hotel rooms. EARNINGS: Consolidated profits for the year ended December 31, 1962 aggregated $17,664,529, equal, after preferred dividends, to $4.54 a share on the 3,843,612 common shares outstanding at year end, or to $4.92 a share on the shares outstanding at January 31, 1963. Through an offer to the Corporation's shareholders, the outstanding shares were reduced in January, 1963 by the purchase for the corporate treasury of 300,000 shares. Consolidated earnings for 1961 were $13,539,701, equal after preferred dividends to $3.43 a share on the 3,790,988 shares then outstanding. Earnings from operations for the year 1962 amounted to $5,732,157, or $1.55 a share, based on the 3,543,612 shares outstanding after giving effect to the tenders of stock, or $1.43 a share, based on the shares outstanding at year end, compared with $6,362,279, or $1.54 a share for 1961. Of the 1962 earnings from operations, domestic operations accounted for 73.1 per cent and International operations for 26.9 per cent. The ratio in 1961 was 81.9 per cent domestic and 18.1 per cent International. Several factors contributed to the stability of the 1962 operating income. More profits were received from non-consolidated over-seas units and the simplification of the Corporation's capital structure permitted a larger share of profits to become applicable to the common shares.The change in status of the ten Statler Hilton hotels as a result of the merger with Statler Hotels Delaware Corporation, had, however, only a minor effect on operating earnings. The decrease in lease rentals was approximately offset by increases in interest and depreciation on EARNINGS PER SHARE 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 11