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Hilton Hotels, 1955 Annual Report
Image 6
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Hilton Hotels Corporation. Hilton Hotels, 1955 Annual Report - Image 6. 1955. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. August 8, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/886/show/863.

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. (1955). Hilton Hotels, 1955 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/886/show/863

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, 1955 Annual Report - Image 6, 1955, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed August 8, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/886/show/863.

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, 1955 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1955
Description Hilton Hotels Annual Report for calendar year 1955.
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_008_006.jpg
Transcript to our shareholders The year 1955 was one of eventful progress for Hilton Hotels Corporation. Consolidating its position as the world's leading operator of fine hotels, your Corporation opened two new hotels, one at home and another abroad, set in place the cornerstone of a new luxury hotel in Cairo and contracted for the operation of a new hotel in West Berlin, the first to be built in this city since World War II. As 1956 got underway, The Statler Hilton hotel was opened in Dallas, Texas and new arrangements were being made for the operation of hotels in Honolulu, Hawaii and Tokyo, Japan. Much progress was made in 1955 in the integration of the Statler properties, which were acquired in October 1954. This has resulted in greater operating efficiency throughout the entire organization. The benefits of this greater efficiency are evident in the accompanying financial statements. During the year, your Corporation continued its extensive modernization program. This program, designed to maintain and strengthen the Hilton reputation for pre-eminence in the hotel field, included the start of a large scale air-conditioning program as well as other major improvements. A new reservation system was established with great success in New York and plans were made for its extension to other cities. As in previous years, Hilton Hotels Corporation continued at all hotels its resourceful conversion of non-revenue space to income producing areas. Such procedures, coupled with aggressive merchandising of Hilton services and the prosperity enjoyed by the economy in general, served to make 1955 the best year in the Corporation's history from a fiscal standpoint. Revenues and earnings broke all previous records. Revenues Gross revenues of Hilton Hotels Corporation in 1955 amounted to $188,281,937. This is an increase of 56% over the previous record high volume of $120,609,218 achieved in 1954. Gross revenues include sales of the Statler Hotels for the entire year. In 1954, the Corporation's gross revenues included sales of the Statler Hotels for the final two months of the year. Gross revenues for 1955 were increased by sales of the Istanbul Hilton opened in June 1955 and of The Beverly Hilton opened in August 1955. Room operations last year accounted for $81,566,520 of the total 1955 revenues, compared with $50,060,666 in 1954. There was derived from the sale of food