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Hilton Hotels, 1948 Annual Report
Image 11
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Hilton Hotels Corporation. Hilton Hotels, 1948 Annual Report - Image 11. 1948. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 20, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1243/show/1219.

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. (1948). Hilton Hotels, 1948 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/1243/show/1219

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, 1948 Annual Report - Image 11, 1948, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 20, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1243/show/1219.

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, 1948 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1948
Description Hilton Hotels Annual Report for calendar year 1948.
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_001_011.jpg
Transcript DEPARTMENTAL RESULTS Operating costs continued to rise in 1948. There have been some upward adjustments in the prices of rooms, as indicated above. Rooms department results, on the whole, were entirely satisfactory. In spite of slightly lower occupancies, revenues were larger and the percentage of operating profit was satisfactory. The tables below indicate room sales as well as departmental operating profit for the years 1948, 1947 and 1946. 1948 1947 1946 ROOM SALES $17,677,417 $16,735,223 $14,687,274 I ROC >MS DEPT.-OPERATINC $12,279,041 5 PROFIT 1947 1946 $11,729,250 i $10,276,993 Food and beverage sales produced the second and third largest source of hotel revenues. Combined 1948 sales showed a decrease compared to 1947, as indicated in the tables below. FOOD SALES $13,696,662 $13,623,861 $12,231,277 BEVERAGE SALES 1948 1947 1946 $5,348,043 $5,883,487 $6,119,311 While combined sales of food and beverages have decreased the rate of operating profit has been maintained at satisfactory levels and neces sary upward price adjustments held to a minimum. The combined food and beverage sales for the last three years were: Combined food and beverage operating profits were: Operating profit for minor departments increased $38,970 last year, while other income comprising commissions, concessions, purchase discounts, waste sales and similar items, was $796,280, as compared with $802,751 in 1947 and $710,171 in 1946. NEW DEVELOPMENTS There have been several innovations in Hilton Hotels operations during the past year. In March, 1948, the Boulevard Room of the Stevens was remodeled at a cost of approximately $150,000 for a new ice show. This new type of entertainment complemented the attractions in the Empire Room at the Palmer House and made it possible for Hilton Hotels to offer two distinct types of entertainment at its Chicago hotels. The success of the new ice show was instantaneous and profits from the operation of the Boulevard Room ran approximately $318,372 for the period from March 27 to December 31. The Rendez-Vous, opened at the Plaza in October 31, 1947, has continued to prove its popularity in New York. While volume of business in all supper clubs throughout the United States is off considerably, the total volume of business in our supper clubs in 1948 increased over 1947. The comparative figures are $3,476,- 070.80 for 1947, and $3,766,946.03 for 1948.