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Hilton Hotels, 1963 Annual Report
Image 10
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Hilton Hotels Corporation. Hilton Hotels, 1963 Annual Report - Image 10. 1963. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. February 21, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/332/show/313.

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. (1963). Hilton Hotels, 1963 Annual Report - Image 10. 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/332/show/313

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, 1963 Annual Report - Image 10, 1963, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed February 21, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/332/show/313.

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, 1963 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1963
Description Hilton Hotels Annual Report for calendar year 1963.
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 10
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_016_010.jpg
Transcript EARNINGS TOTAL EARNINGS FROM OPERATIONS <=; r\o ... PER SHARE o.uu j A f\€~\ i 1 i i *+ . \J\J '■J «""»f"» .... o .U vJ o f* o . ^.uu ■i <"»<**». j I . \-> V-» —" 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 $1.75 DIVIDENDS PER SHARE 1.50 1.25 I.OO .75 .50 25 The principal problem in the hotel industry within the continental United States is the oppressive influence of overcapacity in much of the nation. Hotel guests have shown distinct preference for new hotels or completely refurbished older hotels. Consequently, as construction of hotels and motels has gone ahead at a rapid pace, there has been a substantial increase in the number of first class rooms available and in the cost of maintaining older rooms at high standards. The number of guest days has not grown in proportion to the population because jet travel and the improved highway system have altered travel patterns and shortened the duration of trips; also working and living habits have changed. In recent years, it has not been possible to raise prices to entirely compensate for declining occupancy and increasing costs. The domestic hotel industry occupancy rate in 1963 was 60 per cent, down from 61 per cent in 1962. Hilton's 1963 domestic occupancy was 60.6 per cent compared with 61.6 per cent the year before. On the positive side, travel is one of the most vigorous of the growth industries. This reflects growing population, business requirements and increased leisure time. The number of United States tourists has risen sharply, but not nearly as dramatically as has travel by residents of other nations. As the standard of living rises, a greater percentage of consumer income is spent on travel. The recently announced reductions in overseas air fares should prove to be beneficial. EARNINGS: Earnings from operations amounted to $3,880,335, equal to $1.10 a share on the 3,544,067 shares of common stock outstanding at December 31, 1963. This compares with operating earnings of $5,732,157, equal after preferred dividends to $1.43 a share on the 3,843,612 shares outstanding a year earlier. The 1963 income statement gives effect to the consolidation of the operations of Hilton Credit Corporation as of February 15, 1963. Hilton Credit's contribution to Hilton Hotels' 1963 earnings from operations equalled 211/2 cents a share. The decline in operating earnings resulted in part from the fact that revenues were less than anticipated. Nearly all categories of operating costs were higher in 1963 than in 1962. There was a sharp increase in departmental costs and expenses due to the greater number of properties operated. Advertising and business promotion expenses rose with the more aggressive 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963