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Hilton Hotels, 1960 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1960 Annual Report - Image 6. 1960. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. June 5, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/476/show/445.

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 6. 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/445

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 6, 1960, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed June 5, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/476/show/445.

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 6
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_013_006.jpg
Transcript with renewed vigor. We now have a total of 27 International hotel projects, either in operation, under construction or under contract. These will give us excellent representation in Europe, the Caribbean and Latin America and more moderate representation in Africa, the Middle East, the Pacific and Asia. Some will be in the highly developed countries, such as Canada where we are planning an inn at Montreal's Dorval Airport. Others will be in the newly-developing countries where the profit potential is high. In these countries, we will follow our traditional International lease agreement, the essence of which is offering management services in return for a share of the profits. The outlook for the immediate future is difficult to assess in view of the somewhat unsettled domestic economy. Nevertheless, improvements in methods and procedures should have a salutary effect on the cost-price relationship. More effective sales and promotional efforts should generate new business, especially in the many new units which have now had a period of seasoning. A number of vigorous young executives have been elevated to positions of greater responsibility and further promotions will follow. The year 1961 should show a further increase in revenues and bring a recovery in profits from operations over 1960. We are enthusiastic about long range prospects as our investment dollars are being effectively channeled into domestic and international hotels and inns. We wish to express our appreciation to our valued patrons and to our employees, stockholders and business associates for their assistance and cooperation during the year just past. president and chairman March 3, 1961 YEARS ENDED DECEMBER 31, GROSS REVENUE NET PROFIT OR (LOSS) (excluding minority interest) From operations From sale of properties Total EARNINGS PER COMMON SHARE* From operations From sale of properties Total WORKING CAPITAL AT DECEMBER 31 EARNED SURPLUS AT DECEMBER 31 (excluding surplus reserves) 1960 $231,502,403 COMMON SHARES OUTSTANDING AT DECEMBER 31* BOOK VALUE PER COMMON SHARE AT DECEMBER 31* ♦Adjusted for the two-for-one stock split in 1956 7,544,982 2,247,028 9,792,010 1.86 .60 2.46 25,010,132 57,904,979 3,731,228 24.37