MAJOR PURCHASES IN 1950 BY CLASSIFICATION
(linen, china, glass,
silverware and uniforms)
that time. In spite of this, few new hotels are
needed in the United States and these only in rapidly growing sections. The corporation will continue
to maintain in the future the conservative attitude
that it has been following with respect to propositions submitted for the construction or operation
of new hotels. At the present time new hotel construction is prohibited by the government because
of the need for conserving materials for defense
Frequent investigations are made of existing
hotel properties offered by their owners for sale to
Hilton Hotels, but these investigations rarely result
in acquisitions. It is our policy to purchase properties only when opportunities for profitable operation can be clearly demonstrated.
The Board of Directors was increased to ten members during the year by the addition of Charles
Deere Wiman and James Norris, both of Chicago.
Mr. Wiman is president of Deere & Company, and
is a director of a number of other large companies
including the Continental Illinois National Bank
REPAIRS AND MAINTENANCE
(Including repairs and maintenance payroll)
and Trust Company of Chicago and the Chicago,
Rock Island and Pacific Railroad. Mr. Norris is
president of the Norris Grain Company, director
of the First National Bank of Chicago, director of
the Chicago, Rock Island and Pacific Railroad
and has numerous other business interests.
The annual Managers' meeting was held during
December in New York, attended by departmental
heads and executives of all the Hilton Hotels.
These meetings, by providing opportunities for discussion of operating methods and controls, and the
exchange of information between operating personnel, have proven to be of great value in increasing the efficiency of our management.
Relations between the hotels and their personnel
continue to be harmonious. There were 6,708 employees as of December 31, 1950. This total did
not include employees of the Waldorf-Astoria,
Mayflower, Roosevelt, Caribe Hilton or Jefferson,
Advertising and Business Promotion
Our national advertising campaign has been continued, advertisements appearing regularly in Time,
Newsweek, United News and World Report, Business Week and the leading hotel publications with
the purpose of acquainting the public with the
names and locations of each of the hotels operated
by your corporation.
fAII figures shown for the year 1946 on graphs cover the
full calendar year and include seven months figures of the
corporation and five months figures of the consolidating
companies and their predecessors.