University of Houston, 4333 University Drive, Houston TX 77204-2000, (713) 743-1050.
© 2013 University of Houston. All rights reserved.
| Title | Hilton Hotels, 1955 Annual Report |
| Creator (LCNAF) |
|
| Publisher | Hilton Hotels Corporation |
| Date | 1955 |
| Description | Hilton Hotels Annual Report for calendar year 1955. |
| Subject.Topical (LCSH) |
|
| Subject.Name (LCNAF) |
|
| Genre (AAT) |
|
| Language | English |
| Type (DCMI) |
|
| 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 |
| Title | Image 6 |
| Format (IMT) |
|
| 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 |