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Hilton Hotels, 1948 Annual Report
Image 14
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Hilton Hotels Corporation. Hilton Hotels, 1948 Annual Report - Image 14. 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/1222.

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 14. 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/1222

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 14, 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/1222.

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 14
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_001_014.jpg
Transcript The new Lanai rooms at The Town House FUTURE There have been but few additions to the hotels of the nation during the last nineteen years. High building costs tend to discourage further additions to the hotel plant of the nation although the population of the United States has increased 25 million since the hotel building spree of the late twenties. Your corporation has been invited to build or lease new hotel properties in a number of large American cities but we have steadfastly maintained a conservative attitude toward these invitations and will continue to do so. Many opportunities to acquire existing hotel properties have been investigated. It is not intended that the corporation will acquire new properties either by ownership or lease except upon proven earnings and ample opportunity for future improvement. I personally inspected the European situation last summer, visiting England, France, Spain, Italy and Switzerland, and while many hotels in vacation resorts were on the market, there is, in my opinion, practically no opportunity for European expansion in the near future. The South American scene, likewise, offers little op portunity at this time, but you may be sure that any foreign expansion if opportunity presents will be made only on the most favorable percentage terms and with a minimum of capital investment. During the past few years your corporation has enjoyed an unprecedented volume of business. While it is true that during the last part of 1948 business moved toward more normal volumes, there are no indications at this time that a sharp drop will take place. Convention bookings for our large Chicago properties during 1949 and 1950 are at a high level. However, maintenance of the present volume of earnings under present circumstances is difficult due to increased labor costs and other costs. Food costs, fortunately, seem to be leveling off. Upward adjustments of prices in this competitive market will be made only when necessary to meet increased costs. Concentrated and concerted efforts will be made to achieve increased productivity and decreased costs. We urge our friends and our shareholders to use Hilton Hotels and recommend them to their friends and associates. February 28, 1949 C.N. Hilton, President Hilton Hotels Corporation A typical banquet scene of international importance at The Mayflower