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Hilton Hotels, 1961 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1961 Annual Report - Image 10. 1961. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. December 2, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/561/show/532.

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. (1961). Hilton Hotels, 1961 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/561/show/532

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, 1961 Annual Report - Image 10, 1961, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed December 2, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/561/show/532.

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, 1961 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1961
Description Hilton Hotels Annual Report for calendar year 1961.
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_014_010.jpg
Transcript REPORT ON OPERATIONS REVENUES TOTAL FOOD AND BEVERAGES »»«». ROOMS ALL OTHERS N MILLIONS « = A 2QO . 150- 100 *-—*"" ^^ SKSW""""^™ «>r>. ZiKJ - tmmmmmm **:*.'-■■'■■ ■■■■"■"• '■ 1952 1955 1958 1961 revenue: Gross revenues in 1961 reached a new high for the fifteenth consecutive year since the Corporation was formed in 1946. The 1961 total was $235,177,977, slightly ahead of the $231,502,403 registered in 1960. However, this increase was accomplished through having more units in operation. Those units in operation for the entire twelve months of both years had revenues of $211,571,341 in 1961 and $219,787,719 in 1960. Revenues from ten units which became a part of the Hilton organization at various times during the two-year period were $23,606,636 in 1961 and $7,483,016 the preceding year. Two units disposed of in 1960 contributed $4,231,668 to that year's revenues. The major operating departments of rooms and food and beverage had slightly higher revenues as indicated by the following two-year comparison: 1961 Rooms $100,619,492 Food and beverage 106,360,822 Other operated departments 17,031,153 Store rentals 3,739,396 Office building rentals 1,032,648 Interest on investments 1,225,588 Other income 5,168,878 Total $235,177,977 I960 $100,259,521 102,737,737 17,545,670 3,429,103 996,898 1,544,360 4,989,114 $231,502,403 Within the United States, construction of hotel and motel rooms has increased more rapidly than the number of customers. Under these conditions, the entire hotel industry's room occupancy declined to 62 per cent in 1961 from 65 per cent in 1960. The Corporation's overall occupancy was 63.8 per cent, slightly ahead of the industry average but lower than the average of 67.2 per cent in the preceding year. earnings: Consolidated earnings in 1961 were $13,539,701, equal after preferred dividends to $3.43 per share on the 3,790,988 shares of common stock outstanding at year-end. This compares with $9,792,010, equal after preferred dividends to $2.46 per share on the 3,731,228 shares of common stock outstanding a year earlier. Of the 1961 consolidated profits, sales of properties and investments accounted for $7,177,422, or $1.89 per share. The major portion of these profits resulted from the sale of the second mortgage notes held on the Mayflower, New Yorker and Plaza hotels from the Corporation's investment portfolio. Profits from property sales in 1960 were $2,247,028, or 60 cents a share. Net income from operations was $6,362,279, or $1.54 a share compared with $7,544,982, or $1.86 a share for 1960. Domestic operations accounted for 81.9 per cent of 1961 operating earnings with the remaining 18.1 per cent coming from International operations. In 1960 International operations accounted for 16.7 per cent of operating earnings.