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Hilton Hotels, 1951 Annual Report
Image 5
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Hilton Hotels Corporation. Hilton Hotels, 1951 Annual Report - Image 5. 1951. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 15, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1471.

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. (1951). Hilton Hotels, 1951 Annual Report - Image 5. 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/1494/show/1471

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, 1951 Annual Report - Image 5, 1951, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 15, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1494/show/1471.

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, 1951 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1951
Description Hilton Hotels Annual Report for calendar year 1951.
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 5
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_004_005.jpg
Transcript March 1, June 1, September 1 and December 1. Total payments for the year were $1.20 a share. In addition, regular quarterly dividends of 50 cents a share were paid on the same dates on convertible preference stock not under option to the corporation. The total dividend distribution of $2,039,- 592 on both the common and preference stock represented 51.6 per cent of the net earnings. The balance was reinvested in the business. Operating Results Your corporation during the past year has continued its policy of applying industrial methods to hotel operations to the end that man-power, facilities and material be used at the maximum level of efficiency. This policy has helped to sustain operating profit reasonably well in the face of increased costs for services and operating supplies. The techniques which have been evolved include job analysis, time and method studies, budgetary control, safety programs and a pricing policy adjusted as far as possible to increasing costs. Revenues from operational departments of the hotels, exclusive of commercial rentals totaled $78,857,334 in 1951, compared with $70,485,967 in 1950. The operating profit before the deduction of such items as rent, taxes, interest and depreciation was $19,167,068, against $18,328,584 in the preceding year; and the rate of operating profit was 24.31 per cent. For 1950 the rate was 26.00 per cent. Rooms Department Following the pattern of the hotel industry, our room occupancy rate declined somewhat last year being 77.63 per cent against 79.80 per cent in the preceding year. Room prices were adjusted moderately to compensate in part for higher operating costs. The net result was that the department's net sales totaled $31,350,484 of which $21,791,591, or 69.51 per cent was operating profit. In 1950 net room sales amounted to $28,248,855, of which $19,823,766, or 70.18 per cent was operating profit. Comparison with other years is shown below. Rooms Department Year Net Sales Operating Profit Percentage to Sales 1951 1950 1949 1948 1947 $31,350,484 28,248,855 19,624,629 19,672,728 18,564,498 $21,791,591 19,823,766 13,793,880 13,654,225 12,973,846 69.51% 70.18 70.29 69.41 69.89 Food and Beverage Department By reason of federal legislation which became effective in April, 1951, increases in restaurant prices are restricted. We were required to maintain the same food cost ratio to sales we had during an established base period. Price advances could be made when food costs increased. There was no provision, however, under which we could make price adjustments to cover increases in wages or other expenses. Sales of food and beverages last year totaled $38,215,048 of which operating profit was $10,087,811, or 26.40 per cent. In 1950 sales aggregated $33,822,503, of which operating profit was $8,966,451, or 26.51 per cent. Below is a comparison of results of recent years. Combined Food and Beverage Operating Percentage Year Net Sales Profit to Sales 1951 $38,215,048 $10,087,811 26.40% 1950 33,822,503 8,966,451 26.51 1949 .21,079,609 4,840,816 22.96 1948 22,023,068 5,213,915 23.67 1947 22,379,960 5,294,996 23.66 THE ROOSEVELT, New York City The Roosevelt, with its direct passageway to Grand Central Station and all subways, and its proximity to the airline terminals, is one of New York's most conveniently located hotels. Personal services are expressed by free television in many guest rooms; a special Latin-American representative to assist Spanish-speaking guests; and the About the Town Bureau to offer advice and information of all kinds. A variety of shops, restaurants and entertainment is at the disposal of The Roosevelt guest, to add pleasure to his New York visit.