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Hilton Hotels, 1960 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1960 Annual Report - Image 9. 1960. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 7, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/476/show/448.

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 9. 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/448

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 9, 1960, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 7, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/476/show/448.

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, 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 9
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_013_009.jpg
Transcript REPORT ON OPERATIONS revenue: Gross revenues of Hilton Hotels Corporation continued to climb as they have done each year since the organization of the Corporation in 1946. In 1960, the total was $231,502,403, up 4.7 per cent from 1959 revenues of $221,057,350. Hotels in operation during the full twelve months of both years had revenues of $206,173,748 in 1960 and $202,833,089 in 1959. Nine currently operating units which were opened or acquired at some point during the 24-month span produced revenues of $19,456,832 in 1960 and $2,244,821 in 1959. Units no longer a part of the Hilton system contributed $4,232,623 in 1960 compared with $14,922,451 the preceding year. It is evident therefore that the newer units accounted for the bulk of the gain in revenues. An analysis of total revenues indicates each of the principal operating departments—rooms, food and beverage—assisted in the gains. A two- year comparison follows: 1960 1959 Rooms $100,259,521 94,580,703 Food and beverage 102,737,737 99,709,479 Other operated departments 17,545,670 16,686,079 Store rentals 3,429,103 3,144,339 Office building rentals 996,898 1,057,325 Interest on investments 1,544,360 1,042,852 Other income 4,989,114 4,836,573 Total $231,502,403 221,057,350 During 1960, the Corporation had a room occupancy rate in its domestic operations averaging 66.7 per cent compared with 69.1 per cent in 1959. This was slightly better than the U. S. hotel industry's average occupancy which was 65 per cent in 1960 compared with 66 per cent in 1959. The rate reflects such traditionally slack periods as weekends and mid-summer as well as many "sold out" weekdays during conventions. Our promotional efforts are beamed at groups and individuals and our expansion efforts are geared towards achieving a better year-round occupancy pattern. earnings: Consolidated net profit in 1960 was $9,792,010, equal after preferred dividends to $2.46 per share on the 3,731,228 shares of common stock outstanding at December 31. This compares with $11,582,864, equal after preferred dividends to $2.90 per share on the 3,790,817 shares outstanding at the 1959 year end. Net income from operations was $7,544,982, or $1.86 a share, compared