University of Houston Digital Library: Annual Reports from the Hospitality Industry Archives: Hilton Hotels, 1949 Annual Report

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Hilton Hotels, 1949 Annual Report

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Hilton Hotels Corporation. Hilton Hotels, 1949 Annual Report - Image 9. 1949. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 24, 2021. https://digital.lib.uh.edu/collection/hiltonar/item/207/show/183.

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Hilton Hotels Corporation. (1949). Hilton Hotels, 1949 Annual Report - Image 9. 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/207/show/183

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Hilton Hotels Corporation, Hilton Hotels, 1949 Annual Report - Image 9, 1949, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed February 24, 2021, https://digital.lib.uh.edu/collection/hiltonar/item/207/show/183.

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Compound Item Description

Title	Hilton Hotels, 1949 Annual Report
Creator (LCNAF)	Hilton Hotels Corporation
Publisher	Hilton Hotels Corporation
Date	1949
Description	Hilton Hotels Annual Report for calendar year 1949.
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

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Item Description

Title	Image 9
Format (IMT)	image/jpeg
File Name	hiltonar_201609_002_009.jpg
Transcript	Caribe Hilton ■ San Juan, Puerto Rico Food and Beverage Department Combined food and beverage sales show a decrease of approximately AM%, being $18,- 152,314 in 1949 as compared to $19,044,705 in 1948. Departmental profit has been maintained at satisfactory ratios, and in 1949 was $4,351,004, or 23.97%, as compared to $4,- 697,644, or 24.67%, in 1948. Minor Operating Departments The minor operating departments show a satisfactory increase in profit, being $828,470 in 1949 as compared to $792,770 in 1948. Other income, however, decreased $77,483. Operating Profit Total operating profit arising from the actual £T; <*'' S operation of the hotels without reference to commercial rentals and before the deduction of such items as rent, taxes and insurance was satisfactory. In 1949 combined departmental revenues were $40,962,577 as compared to $42,009,733 in 1948, a decrease of $1,047,156, but operating profit increased to $10,606,354 as compared to $10,122,387 in the previous year. The rate of operating profit in 1949 was 25.8% as compared to 24.1% in the previous year. The production of higher profits on lower volume during the last year has not been achieved without continued application of those industrial methods in which Hilton Hotels Corporation has pioneered in the hotel industry.