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| Title | Hilton Hotels, 1949 Annual Report |
| Creator (LCNAF) |
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| Publisher | Hilton Hotels Corporation |
| Date | 1949 |
| Description | Hilton Hotels Annual Report for calendar year 1949. |
| Subject.Topical (LCSH) |
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| Subject.Name (LCNAF) |
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| Genre (AAT) |
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| Language | English |
| Type (DCMI) |
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| 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 |
| Title | Image 13 |
| Format (IMT) |
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| File Name | hiltonar_201609_002_013.jpg |
| Transcript | A dramatic staircase at The Caribe Hilton in keeping with the modern motif of this tropical paradise. The Park Avenue Foyer of The Waldorf-Astoria, showing the Terrace Court in the background and "The Wheel of Life" mosaic in the foreground. hearing. But the Corporation will not acquire new properties either by ownership or lease except where those facilities are badly needed and ample opportunity is indicated for future profits. The Corporation continues to investigate many existing hotel properties submitted for its consideration but it will maintain the same conservative attitude toward these propositions as it has in the past. Where a community or country needs a new hotel it is our thought that the people in the community or country should put up the principal amount of money rather than ourselves, since the primary purpose would be to fill a definite community need. The hotel situation in the nation has radically changed during the last twenty years in that there have been few additions to the existing hotel plant of the United States. Due to the present excessive cost of construction it is quite unlikely that any new properties will be built in the near future in either New York or Chicago where our more important properties are located. Our competitive posi tion should therefore continue to be strong. It is not anticipated that the volume of business will continue at the same high level as in the past few years. During the last two years slight decreases in both occupancy and revenues have occurred. By improved methods and better operations it has been possible to prevent a decrease in operating profit. Upward adjustments of prices in an increasingly competitive market cannot now be made in many instances. Accordingly, further improvement in earnings can result only from further improvement in methods and economies of operation and from acquisition of new properties on an advantageous basis. We urge our friends and shareholders to patronize Hilton Hotels and utilize to the fullest extent possible the facilities of the Hilton Hotels and to recommend them to their friends and associates. <£^6j£f£z*&^ February 28, 1950 C. N. Hilton, President Hilton Hotels Corporation |