Hilton Hotels Overview.

Overview
Company Name Founded Hilton Hotels Corporation 1991

Founder
Key People Headquarters Industries Major Locations Employees (Consolidated)

Conrad Hilton
Barron Hilton, Co. Chairman Stephen Bollenbach Chairman & CEO Beverly Hills, California, USA Service Industry Beverly Hills, California, USA 150000

Revenue
Brands

$3.853 billion
1. Hilton 2.Conrad 3.Coral by Hilton 4. Doubletree 5. Embassy Suites Hotel 6. Hampton Inn 7.Hampton Inn & Suites 8. Hilton Garden Inn 9.Hilton Grand 10.Homewood Suites 11.TheWaldorf-Astor

History
The Hotels Statler Company was acquired in 1954 for $111,000,000 in what was then the world's largest real estate transaction. Separated its international operations into a separate traded company on December 1, 1964. Subsequently, Trans World Corp., the holding company for Trans World Airlines, acquired Hilton International Co. in 1967. In 1986, UAL Corp., the holding company for United Airlines acquired Hilton International Co. from Trans World and changed its name to Allegis Corp. as it attempted to re-incarnate itself as a full service travel company encompassing Westin Hotels and Hertz rental cars in addition to Hilton International and United. In 1987 after a corporate putsch, the newly renamed UAL Corp. sold Hilton International to Ladbroke Group, a British leisure and gambling company, which in May 1999 adopted the new moniker Hilton Group plc. Hilton Hotels Corporation is recognized around the world as a preeminent lodging hospitality company, offering guests and customers the finest accommodations, services, amenities and value for business or leisure. While the Hilton brand has, for more than 80 years, been synonymous with excellence in the hospitality industry, our acquisition in 1999 of Promus Hotel Corporation expanded our family of brands to include such well-known and highly respected brand names as Hampton Inn, Doubletree, Embassy Suites Hotels, and Homewood Suites by Hilton. Through ownership of some of the most recognized hotels in the world and our newly enhanced brand portfolio, Hilton is now able to offer guests the widest possible variety of hotel experiences, including four-star city center hotels, convention properties, all-suite hotels, extended stay, mid-priced focused service, destination resorts, vacation ownership, airport hotels and conference centers.

Vision Statement
To be the first choice of the world's travelers, building on the rich heritage and strength of our brands by: Consistently delighting our customers Investing in our team members Delivering innovative products and services

Expanding our family of brands

Continuously improving performance in our balanced scorecard

We will achieve our vision, and also: Increase shareholder value Create a culture of Pride Strengthen the loyalty of our constituents

Today's Hilton can be viewed as a major industry competitor in a number of areas:

Owning hotels. Hilton owns such unique, irreplaceable hotel assets as New York's

Waldorf=Astoria, The Hilton Hawaiian Village on Waikiki Beach, Chicago's Palmer House Hilton and the Hilton San Francisco on Union Square. These large-scale properties occupy the best locations in the nation's best markets.
Managing/franchising hotels. The company is a prominent franchisor of hotels across its

entire brand family, with income from management or franchise fees accounting for some 30 percent of Hilton's total cash flow.
Vacation ownership. Hilton Grand Vacations Club, the company's vacation ownership

business, operates properties across the country including such desirable locales as Las Vegas, Orlando, New York, Miami and Honolulu.
International. With the 2006 acquisition of Hilton International, Hilton Hotels Corporation

became a global force with more than 2,800 hotels in more than 80 countries throughout the world.

Key Factors for Success

Choices :- Whether traveling for business or leisure, Hilton guests can choose among four-star city center hotels (more 1,000-plus room hotels than anyone, including the New York Hilton, Chicago Hilton and Hilton San Francisco); luxury properties (The Waldorf=Astoria Collection and Conrad Hotels); convention properties (more than any other company); segment-leading mid-priced focusedservice hotels (Hilton Garden Inn and Hampton Inn, both of which were ranked highest in Mid-Scale Limited Service and Mid-Scale Full Service segments, respectively, in the J.D. Power and Associates 2005 North America Hotel Guest Satisfaction Index StudySM,); extended stay hotels (Homewood Suites by Hilton, which ranked highest in the Extended Stay Hotel Chain category within the J.D. Power and Associates 2005 North America Hotel Guest Satisfaction Index StudySM,); destination resorts (including the famous Hilton Hawaiian Village and Pointe Hilton Resorts in Phoenix); airport hotels (nearly 40 in such cities as Chicago, Los Angeles, Atlanta, Miami, New York and Dallas-Ft. Worth); and outstanding vacation ownership properties (in such locations as Hawaii, Orlando, Las Vegas and New York City).

Marketing Plans :-Without an attractive guest loyalty program, it would simply be impossible to compete in the hotel business today. Hilton HHonors is the industry's leading loyalty program, with 17 million members and the unique feature of allowing customers to earn both room nights and airline mileage. In addition, Hilton Family sales professionals around the world ensure the company's continued leadership in the meeting, convention and group markets, while Hilton's leading reservation system (Hilton Reservations Worldwide, which celebrated its 50th birthday in 2005) and award-winning websites (www.HiltonFamily.com and individual brand websites) make it easy for guests and customers to access Hilton Family hotels. Through partnerships, such as our sponsorship of the U.S. Olympic Team, the company seeks to align with organizations that foster the highest levels of personal achievement across a range of areas, including athletic, artistic and professional performance.

Technology: - Hilton Hotels Corporation believes that technology can be used to ease many of the stresses and strains of traveling. From a hotel operations perspective, innovative new technologies like check-in kiosks are helping our guests check in more easily, and our team members spend less time on administration, which frees them up to spend more time ensuring guests achieve the goals of their stay. At Hilton, the ability to innovate is highly valued, and has been ingrained in our company culture since its beginnings as one of the pioneers in the hospitality industry as we know it today. From the first inroom air conditioning and centralized reservations, to today's sophisticated OnQ proprietary CRM platform that enables our hotels to deliver on guest preferences, technological innovation is integral to the industry leadership maintained by the Hilton Family of Hotels.

Divercity : - Through the company's diversity program, Hilton Hotels Corporation has become an industry leader in advancing diversity principles across the nation. The company has built a more diverse workforce, increased the number of minority suppliers and franchise holders, and made great advances in incorporating diversity principles into all aspects of business operations. The company is actively pursuing its objective to maintain a workforce that reflects the same diversity and vitality as the guests who come through the doors of its hotels.

Community :- Hilton Hotels Corporation's commitment to being a good corporate citizen is brought to life every single day by the thousands of team members representing our corporation and the Hilton Family of Hotels. From helping kids learn to read, to planting school gardens, to participating in fundraising walk-a-thons that help numerous worthy causes, to refurbishing national landmarks, the Hilton Family of Hotels is diligently working toward positive change. The Hilton name has, for more than 85 years, stood not only as a symbol of first-class hospitality, but of active participation in cities, counties and states where the company operates.

Growth and Innovation

Where Service Meets Success
Hilton Hotels Corporation is built on a legacy of growth and innovation. Our distinguished history ensures your career will be guided and supported by a strong, stable industry leader. Let's take a closer look.

Growth
Our rich history begins in 1919 when Conrad Hilton purchased his first hotel in Cisco, Texas. Since then, our Family has continued to grow. With the 1999 acquisition of Promus Hotel Corporation, the Hilton family of brands expanded to include Hampton Inn and Suites, Doubletree Hotels, Embassy Suites Hotels and Homewood Suites by Hilton. Today, Hilton Hotels Corporation has grown to become the world's most recognized and most successful hotel company.

Innovation
The Hilton Family of hotels has led the way in defining and redefining the hospitality industry. In 1943, Hilton became the first "coast-to-coast" hotel chain in the United States. A true innovator, Hilton Hotels Corporation pioneered the concept of the airport hotel and was the first to develop a centralized reservation system. In 1995, the Company led the way again with its first Web site launch, hilton.com. This spirit of innovation is part of HHC's character and continues to be a driving force in the industry today.

Don't just take our word for it: The Hilton Family of hotels is repeatedly recognized for its
achievements by leading authorities on quality in the lodging and hospitality industry. Some of the more recent accolades we're proud of include: * J.D. Power award winners Embassy Suites, Hilton Garden Inn, Hampton Inn, Hampton Inn and Suites and Homewood Suites * Smithsonian Magazine's prestigious Sustainable Tourism Award winner Hampton Inn is first ever hotel to receive * AH&LA/Diner's Club Stars of the Industry recognized the Hilton Family more times than any other major hospitality group.

Culture
Where Service Meets Success
When you join the Hilton Family of hotels, you'll be part of a dynamic culture committed to the highest quality of service a fun, family-oriented atmosphere where positive attitudes and a strong work ethic are rewarded.

The people who make up the Hilton Family of hotels are called team members. And just like a close-knit family, team members are always willing to assist and encourage each other. In fact, supporting our team members is critical to our future. Perhaps this explains why, in a recent survey, team members listed our culture and reputation as two of the biggest reasons they chose the Hilton Family of hotels over the competition.

Corporate Governance
The Board of Directors of Hilton Hotels Corporation (the Company), acting on the recommendation of its Corporate Governance and Nominating Committee, has developed and adopted a set of corporate governance principles (the Guidelines) to promote the functioning of the Board and its committees and to set forth a common set of expectations as to how the Board should perform its functions. The board mission and director responsibilities say that the business and affairs of the Company shall be managed by or under the direction of the Board in accordance with Delaware law. In performing their duties, the primary responsibility of the directors is to exercise their business judgment in the best interests of the Company and its stockholders. The guidelines say about commitment and attendance, participation in meetings, loyalty and ethics, contact with management, etc. The issues like the composition of board, process for selecting the chairman and directors, executive compensation and board compensation are also discussed. The Board, acting through the Corporate Governance and Nominating Committee, should conduct a self-evaluation at least annually to determine whether it is functioning effectively. In performing its functions, the Board is entitled to rely on the advice, reports and opinions of management, counsel, accountants, auditors and other expert advisors.

FINANCIAL ANALYSIS

Milestones
1919 :- Conrad Hilton purchases his first hotel, The Mobley, in Cisco, Texas. 1925 :- Conrad Hilton builds the first hotel to carry the "Hilton" name: "The Hilton," in Dallas. 1943 :- Hilton becomes the first coast-to-coast hotel chain in the United States with the purchase of two hotels in New York City: The Roosevelt and The Plaza. 1946 :- Hilton Hotels Corporation is formed and listed on the New York Stock Exchange (NYSE:HLT), with Conrad N. Hilton as president. 1949 :- Conrad Hilton buys "the greatest of them all," The Waldorf=Astoria in New York. Hilton becomes the first international hotel brand with the opening of The Caribe Hilton, in Puerto Rico, also marking the birth the Hilton International Company. 1953 :- The first Hilton opens in Europe: The Castellana Hilton in Madrid. 1954 :- Hilton consummates the largest real estate transaction to date with the purchase of The Statler Hotel Company for $111 million. 1955 :- Hilton Reservations Worldwide formed. 1919 :- Conrad Hilton purchases his first hotel, The Mobley, in Cisco, Texas. 1925 :- Conrad Hilton builds the first hotel to carry the "Hilton" name: "The Hilton," in Dallas. 1943 :- Hilton becomes the first coast-to-coast hotel chain in the United States with the purchase of two hotels in New York City: The Roosevelt and The Plaza. 1946 :- Hilton Hotels Corporation is formed and listed on the New York Stock Exchange (NYSE:HLT), with Conrad N. Hilton as president.

1949 :- Conrad Hilton buys "the greatest of them all," The Waldorf=Astoria in New York. Hilton becomes the first international hotel brand with the opening of The Caribe Hilton, in Puerto Rico, also marking the birth the Hilton International Company. 1953 :- The first Hilton opens in Europe: The Castellana Hilton in Madrid. 1954 :- Hilton consummates the largest real estate transaction to date with the purchase of The Statler Hotel Company for $111 million. 1955 :- Hilton Reservations Worldwide formed. 1959 :- The first Hilton opens in Africa: The Nile Hilton in Cairo. Hilton pioneers concept of airport hotels with the opening of the San Francisco Airport Hilton.

1965 :- Hilton begins franchising hotels in the U.S.

Hilton International acquired by TWA, Conrad Hilton continues as chairman of the board. 1970 :- Hilton becomes the first NYSE-listed company to enter the domestic gaming business with the purchase of the Las Vegas Hilton and the Flamingo Hilton. Hilton International opens first property in Asia: The Hilton Singapore. 1995 :- Hilton enters cyberspace as www.hilton.com is launched. Computer users worldwide can now make room reservations and find out about hotel programs and special offers 24 hours a day. Hilton Hotels Corporation celebrates its 50th anniversary as a listed company on the New York Stock Exchange. At year-end 1946.

1999 - Hilton Hotels Corporation acquires Promus Hotel Corporation in a $3.7 billion 2001 - Hilton Group plc purchases Scandic Hotels, the leading hotel operator in the Nordic Region. 2002 - Hilton International enters into the all-inclusive market with the launch of Hilton Worldwide Resorts and, via an agreement with Coral Hotels & Resorts (CHR) of the Dominican Republic, a new brand is called Coral by Hilton. 2003 - The Hilton Family of Hotels announces that, through a proprietary, common technology platform called OnQ, it will take customer loyalty to a new level within the hospitality industry. 2006 - Hilton Hotels Corporation acquires the lodging assets of Hilton Group PLC for 5.7 billion reuniting the brands international and North American operations.