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Hilton Hotels, 1949 Annual Report
Image 13
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Hilton Hotels Corporation. Hilton Hotels, 1949 Annual Report - Image 13. 1949. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 16, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/207/show/187.

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. (1949). Hilton Hotels, 1949 Annual Report - Image 13. 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/187

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, 1949 Annual Report - Image 13, 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 16, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/207/show/187.

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, 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
Item Description
Title Image 13
Format (IMT)
  • image/jpeg
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