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Hilton Hotels, 1950 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1950 Annual Report - Image 8. 1950. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 24, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/29/show/7.

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 8. 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/7

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 8, 1950, 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, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/29/show/7.

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 8
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_003_008.jpg
Transcript Re-examination of the use being made of available public space in our hotels has resulted in more profitable utilization in a number of instances. As prices of food, liquor and supplies have increased, and as labor costs mounted, our hotels have adjusted their prices in the restaurants, bars and rooms as necessary to maintain fair profit levels. Rooms Department The generally favorable results achieved by the company in 1950 were reflected in operations of the rooms department. The department's net sales totaled $18,857,836, of which $13,525,301, or 71.72 per cent, was operating profit compared to sales in 1949 of $17,565,405, and an operating profit of $12,352,296, or 70.32 per cent. Comparison with other years is shown in the accompanying graph. These improved results were obtained despite the fact that the room occupancy ratio for the year receded to 78.6 per cent from 79.8 per cent in 1949. During the first half of 1950 the trend of occupancy was gradually lower, as had been the case for the past several years, but an improvement took place in the final six months. Based on the experience of the last half of 1950, there seems to be reason to believe that the occupancy ratio reached its low point during the year, and that the basic trend is now upward. Strengthening this belief is the fact that increased travel and expanded demand for hotel accommodations usually accompany rising industrial activity. ROOMS DEPARTMENT Operating Percentage Tear Net Sales Profit to Sales 1950 $18,857,836 $13,525,301 71.72% 1949 17,565,405 12,352,296 70.32 1948 17,677,417 12,279,041 69.46 1947 16,735,223 11,774,918 70.36 Food and Beverage Department Sales of food and beverage in our hotels, and the profits from such operations, reached new high levels in 1950. The sales volume amounted to $19,400,593, compared with $18,152,315 in the preceding year. Operating profit of $5,013,561 was 25.84 per cent of sales, well ahead of the $4,361,842 in 1949, which was 24.03 per cent of sales. COMBINED FOOD AND BEVERAGE Tear 1950 1949 1948 1947 Net Sales 519,400,593 18,152,315 19,044,705 19,507,348 Operating Profit $ 5,013,561 4,361,842 4,697,644 4,738,404 Percentage to Sales 25.84% 24.03 24.67 24.29 Minor Operating Departments Operating profits for minor departments amounted to $1,307,975 in 1950, compared with $932,856 the preceding year. Other income, comprising commissions, concessions, purchase discounts, waste sales and similar items, increased from $717,148 in 1949 to $753,598 in 1950. Maintenance and Improvement of Properties It has been the policy since Hilton Hotels Corporation was organized to maintain each hotel in first class condition and to make use of the most modern equipment and highest quality furnishings obtainable. Outlays of nearly $22,600,000 for these purposes during the past five years have served to maintain our public rooms, night clubs and restaurants in a strong competitive position, and have contributed to the prestige of Hilton Hotels among the nation's discriminating travelers. At a time when the industry again faces shortages and restrictions on the use of some materials and equipment, our hotels are in a good position to meet such problems as may arise. The cost of repairs and maintenance for the year 1950 was $2,282,600. Capital additions, consisting of expenditures for new furniture, equipment and modernization of properties, amounted to $2,028,- 242. Comparison with previous years is shown in the accompanying charts. Hotel Waldorf-Astoria Gross income and net profit of the Hotel Waldorf- Astoria Corporation for 1950 were the highest since the opening of the hotel. Gross sales and other operating income in 1950 amounted to $19,857,731, as compared with $18,484,333 in 1949. The net profit after income and excess profits taxes for this year was $1,009,349, as against $696,001 last year, or an increase of 45.02 per cent. As was the case in our wholly owned properties, increased costs and taxes were overcome by adjustments in selling prices and by careful attention to the control of expenses. Capital expenditures for major improvements totaled $514,223 during 1950 and included extensive work on and additions to the air conditioning equipment. The principal amount of outstanding Debentures was reduced during the year from $5,702,000 to $4,115,500 by the operation of the sinking fund and additional purchases for the treasury. Mayflower Hotel Operations of the Mayflower Hotel in Washington, D. C. shov/ed satisfactory improvement. Gross rev- 8