Keyword
in
Collection
Date
to
Hilton Hotels, 1960 Annual Report
Image 5
Citation
MLA
APA
Chicago/Turabian
Hilton Hotels Corporation. Hilton Hotels, 1960 Annual Report - Image 5. 1960. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. May 30, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/476/show/444.

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. (1960). Hilton Hotels, 1960 Annual Report - Image 5. 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/476/show/444

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, 1960 Annual Report - Image 5, 1960, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed May 30, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/476/show/444.

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.

URL
Embed Image
Compound Item Description
Title Hilton Hotels, 1960 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1960
Description Hilton Hotels Annual Report for calendar year 1960.
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 5
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_013_005.jpg
Transcript TO OUR SHAREHOLDERS In 1960, Hilton Hotels Corporation's revenues rose to a new record for the fourteenth successive year since the firm's formation. However, consolidated earnings were off from 1959. Principal contributing factors were development costs for additional hotels and higher depreciation associated with nine recently opened or acquired units, higher interest expense, increased operating costs, and a general listlessness in the nation's economy. Only by taking rigorous cost reduction measures were consolidated earnings maintained at a reasonably satisfactory level. Of prime importance, however, is the progress made toward strengthening the Corporation's position in each of its three major fields: large hotels in principal convention cities with a rising growth trend; moderate-size inn-type hotels at high density traffic points; and hotels abroad where swiftly improving economies and increasing travel give new first-class hotel facilities a good profit potential. Our most recently opened domestic hotels, The Pittsburgh Hilton and The Denver Hilton, are excellent examples of carefully-designed hotels located in energetic cities. Others which meet these criteria are the 500-room Portland Hilton, now under construction; the 1,200-room San Francisco Hilton; and a proposed 2,200-room New York luxury hotel. Start of the San Francisco structure was delayed by litigation to obtain a building permit. In late December the State Supreme Court ruled in our favor. We now have a building permit and construction should commence in the near future. Purchase of the 1,100- room Hawaiian Village Hotel, Honolulu, in January, 1961, has added substantial earning power to the Corporation. We anticipate considerable activity in the development of inns. The majority will be near major airports where we know that as time goes on, air traffic will bring increased business. Other inns will be in suburban areas of those cities with indicated high population growth, especially where large business organizations have located their office headquarters and factories. These inns provide facilities for local needs such as banquets and meeting places for community and business affairs as well as rooms for automobile travelers who want to avoid city traffic and congestion. Construction costs per room are considerably lower for the inns than for the multi-storied downtown structures. Improving occupancy rates at our first four inns indicate the program is soundly conceived. Three more inns now under construction will be opened this year with at least one more planned for 1962. Negotiations are well along for a number of other locations. We will add further inns as quickly as sound judgment permits. In the international field, it now appears that our careful groundwork is paying off at an accelerating pace. There is an increasing recognition, all over the world, of the need for additional hotel accommodations. This is attributable to the impact of jet transportation on the economies of well- established nations and to the emergence of many new nations which are seeking first-class hotel facilities for their capitals and principal cities. It has been extremely gratifying to start construction on hotels in two of the great, old capitals of Europe—London and Rome—cities bustling