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Hilton Hotels, 1955 Annual Report
Image 14
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Hilton Hotels Corporation. Hilton Hotels, 1955 Annual Report - Image 14. 1955. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. November 27, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/886/show/871.

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 14. 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/871

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 14, 1955, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed November 27, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/886/show/871.

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 14
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_008_014.jpg
Transcript tral reservation agency was established in New York in April 1955. The most advanced reservation system of its kind, Hilcron, as it is called, accepts and immediately confirms reservations for any Hilton hotel in the world, whether made by telephone or telegraph. Up to the minute record of room facilities at all Hilton hotels is provided by a huge accommodation board. This board, constructed from designs drawn by members of the Hilton organization has evoked great interest in the hotel industry. In its first eight months of operation, Hilcron accepted 135,000 calls and completed 72,808 reservations. Personnel On December 22, 1955, Frank C. Wangeman was elected a vice president of the Corporation. Mr. Wangeman continues as the general manager of the Hotel New Yorker and as a director of Hilton Hotels International. It was with a deep sense of loss that your Corporation reported the deaths during 1955 of Charles Deere Wiman and John L. Hennessey. Mr. Wiman, a director, had been president of Deere & Company. Mr. Hennessey, a vice president of Hilton Hotels Corporation, was at one time chairman of the board of Hotels Statler Company, Inc. Their loss is deeply felt by those at Hilton Hotels Corporation who had the privilege of working with them and who knew them as true friends. Employee Relations Excellent labor relations were maintained throughout the year with the approximately 25,000 men and women of the Hilton organization. On October 1, a new group insurance policy was worked out with improved hospitalization and medical benefits as well as liberalized life insurance coverage. In 1955, your Corporation and its subsidiaries contributed $917,150 to the Hilton pension plan for retired employees. This plan was inaugurated in 1951 in recognition of the loyalty and cooperation of Hilton men and women and is designed to assure a degree of financial independence for them upon their retirement. Credit Cards Consolidation of Hilton and Statler credit cards was completed during the year. A total of 793,000 new Hilton-Statler cards were issued in December to replace existing Hilton and Statler cards. Your Corporation's credit card is now one of the world's most widely held cards. Last year an arrangement was made with Avis Rent-A-Car System under which Hilton guests may charge car rentals at any Avis agency through use of their Hilton credit card. This convenience is in addition, of course, to existing privileges of room, food, and beverage charges extended to card holders at all Hilton and Statler hotels. Many of our shareholders are already aware of the convenience of a Hilton credit card in their travels to the major cities served by hotels of their Corporation. Should any stockholder not holding a credit card wish to apply for one, he may do so by writing to the Credit Card Division, Hilton Hotels Corporation, 9958 Santa Monica Boulevard, Beverly Hills, California. Anti-Trust Suit The anti-trust suit against the Corporation and Statler Hotels Delaware Corporation was disposed of on February 6, 1956, by the entry of a consent decree. In April, 1955, the Anti-Trust Division of the Department of Justice filed a civil action, alleging in substance that the effect of the acquisition of the Statler assets "may be substantially to lessen competition or to tend to create a monopoly in violation of Section 7 of the Clayton Act," particularly in the servicing of 12