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Hilton Hotels, 1947 Annual Report
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Hilton Hotels Corporation. Hilton Hotels, 1947 Annual Report - Image 10. 1947. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. July 24, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/857/show/838.

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. (1947). Hilton Hotels, 1947 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/857/show/838

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, 1947 Annual Report - Image 10, 1947, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed July 24, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/857/show/838.

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, 1947 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1947
Description Hilton Hotels Annual Report for calendar year 1947.
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_018_010.jpg
Transcript Chicago's famous Palmer House and one ot^ many famous restaurants, the Empire Room. ROOM OCCUPANCY The Hilton management, in purchasing hotels and assuming management contracts, has made selections carefully in order to attain diversification. Properties include luxury and commercial hotels; large and small hotels. Units with the greatest number of rooms are in the country's two largest cities, New York and Chicago. By means of type diversification we are able to cater to a broad range of customers on varying economic levels, while group operation permits us to direct business from one Hilton Hotel to another. These advantages helped in maintaining the percentage of room occupancy in the most important properties at close of peak levels in 1947. Percentages of occupancy and average daily room rates of wholly . owned and leased hotels for the past three years were as . follows: 1 .*'; Hotel Percentage of Occupancy 1947- 1946 1945 Average Daily Room Rate 1947 1946 1945 This display In the'main elevator [obey of The Stevens guides fee guest to other HiSJoB"*Hoteis. Stevens 91.7 94.6 88.-2 • $5.98 $5.01 $4.73 Palmer House 91.5 92.0 85.0 7.52 6.59 6.18 Plaza 89.6 92.3 89.6 8.38 7.04 6.57 Dayton Biltmore.... 85.8 89.8 94.6 4.29 3.63. 3.51 EJ Paso Hilton 94.2 95.7 97.2 4.48 3.78 3,59 TownHouse .94.5 96.9 97.0. 7.87 6.44 .6.17 Lubbock.Hilton. :.. 93.2 94.9 95.0 3.89 3.15 3.05 Albuquerque Hilton. 94.5 94.9 101.9 4.87 4.24 3.64 While operating costs continued to rise in .1947, they were offset partly through greater efficiency and partly through upward adjustments in the prices of rooms and food. The latter revisions, reasonable in amount, were made possible by removal of the price controls on rooms and food. These controls previously had prevented price advances, Regardless of increased operating costs. DEPARTMENTAL RESULTS . - Rooms departments contribute the largest revenues' and profits to typical' hotels. Last year room sales of wholly-owned and leased 'Hilton Hotels totalled $16,735,223, an increase of,'$2,047,949 or 13.9 percent over the $14,687,274 aggregate for 1946. The gain was accounted for by higher room rates. Salaries, wages and other expenses ehargeable to the rooms department advanced approximately $550,024. However, the, departmental operating-profit, in 1947 was $11,774,918,, an increase of $1,497,925 or. 14.6 percent over the 1946 total of :$10,276,993. - Food and beverage sale's, the second largest source of hotel revenues, were $19,296,056 in 1947. This was an increase of $945,468 or 5.2 , per cent^over the 1946,lotal of $18,350y588j; This gain-refleote'd to'to important, degree,conversion of less productive-space'to'food-and beverage dispensing area's. Operating profit of the food and-beverage department in 1947.,was $4,738,404, an inenease of,$118,043, or 10