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Hilton Hotels, 1950 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1950 Annual Report - Image 3. 1950. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. April 8, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/29/show/2.

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. (1950). Hilton Hotels, 1950 Annual Report - Image 3. 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/29/show/2

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, 1950 Annual Report - Image 3, 1950, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed April 8, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/29/show/2.

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, 1950 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1950
Description Hilton Hotels Annual Report for calendar year 1950.
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 3
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_003_003.jpg
Transcript March 1,1951 It is a pleasure to report to the 3,451 shareholders of Hilton Hotels Corporation that 1950 was a year of sound progress. Gross revenue, net profits and earnings per share of common stock were moderately higher than in the preceding year. Two factors were primarily responsible for these results. The Hilton Hotels continued to make effective application of modern industrial methods to their operations, and a pricing policy adjusted to current conditions was maintained. The year's operations, presented in detail in this report, were influenced by rising costs of labor, materials and equipment, and by higher Federal taxes which were applicable in the second half of the year. The indications at this time are that even higher taxes will be imposed during 1951 as the nation's rearmament program progresses. It is encouraging to note that there was an improvement in the room occupancy rate of our hotels during the second half of 1950. This may indicate that the down trend which has prevailed for the past several years has been reversed. However, there may be a lag in occupancies in some areas before the effects of the rearmament program are felt. As the pace of business and industrial activity quickens and travel grows in volume, it is reason able to expect an increase in the demand for hotel accommodations. High construction costs and governmental restrictions on the use of materials will act as restraining influences on the building of hotel properties. Accordingly, our competitive position should continue to be strong in 1951, since it is unlikely that many new hotels will be built in the immediate future. This coming year's results will reflect operations under price controls established by the government in December on foods and beverages. The effect of these controls on our business cannot be predicted until the full texts of the various orders have been released. It is reasonable to assume, however, that we will be permitted some flexibility to meet increases in costs. The current trend in occupancy rates, and the prospects for a high level of industrial activity are favorable factors and suggest that 1951 operations of Hilton Hotels will produce reasonably good returns. conrad n. hilton, President Hilton Hotels Corporation