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Hilton Hotels, 1947 Annual Report
Image 11
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Hilton Hotels Corporation. Hilton Hotels, 1947 Annual Report - Image 11. 1947. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 15, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/857/show/839.

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 11. 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/839

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 11, 1947, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 15, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/857/show/839.

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 11
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_018_011.jpg
Transcript 2.6 per cent over 1946. While labor expenses were up $514,924, they were more than offset by greater sales volume and higher prices. The operating profit from minor departments increased $152,845 last year; while other income comprising commissions, concessions, purchase discounts, waste sales and similar items, was $110,907 above the 1946 level. NEW PRODUCTIVE SPACE One key to profitable hotel operation is maximum use of space for purposes which will bring the greatest returns. Further progress was made last year by Hilton Hotels in converting non-productive areas into revenue producing space. The Plaza Rendez-Vous was opened on October 31st as a theatre dinner and supper club. It is in space occupied by the old Plaza Grill until 1929, and which was used after that time for storage. The cost of rehabilitation, decoration and air-conditioning was $85,000. Immediately the Rendez-Vous became one of the most popular supper rooms in New York. Its total revenues for November and December were $102,000. Since the room is expected to be open six months of the year, revenues are running in excess of $300,000 annually. The Town and Country room at the Palmer House operated for. its first full year in 1947, with sales of food and beyerages amounting to $490,000. Prior to the conversion of this space into a cocktail lounge, it rented as a book store for $250 a month. Similar action to increase revenues from available space was taken at other properties last year. This conformed to a basic policy which has been followed by Hilton Hotels for years. MAINTENANCE OF PROPERTIES The best insurance for the preservation of value in a hotel lies in constant maintenance and repair work. During the war years and for some time thereafter, scarcity of materials and equipment, coupled with the unprecedented demand for rooms, made it necessary to defer maintenance and rehabilitation. Last year, however, we made vigorous strides in our program to take care of deferred projects. During 1947 a total of $4,367,409 was spent for repairs and maintenance, purchase of new equipment and alterations on the properties. Of this amount, $2,081,633 was for maintenance and repairs, and $2,285,776 for capital improvements. Of the 7,400 guest rooms in the wholly-owned and leased properties, approximately 3,700 were redecorated last year. In addition, public space was redecorated, bathrooms retiled, furniture replaced, kitchens rehabilitated, new public rooms installed and old ones improved. New equipment of various kinds also was installed. Some,expenditures were made with a view toward increasing employee efficiency. These combined expenditures.represented an average of $590 per guest room. Expenditures for maintenance and repairs will again be substantial in 1948. As a matter of policy they will remain at a level which will keep Hilton Hotels in such condition that they will continue to be regarded as the equal or superior of any hotel-hi their respective communities. • ■*.»-' 11 1 The Te-iwti^d Country Room at the Palmer House, which occupies space once rented to a book shop' now brings m many times its former revenue' -The Plaza Rendez-Vous, opened late in'wrollfj '» already oite of New York's most popular -.and successful theater dinnef and supper cfubss