Wealth For Teens
Tips on Making Money, Investing and Personal Growth


Entrepreneurship

May 18, 2011

How they succeeded: Conrad Hilton

conrad_hilton

Conrad Hilton was one of eight children and was born in San Antonio, New Mexico. He would eventually go on to form one of the largest and most prestigious hotel chains in the world.

His first taste of business began helping his father in the store they owned, and by the age of 21 he was running it. His first hotel was the Mobley Hotel in Cisco, Texas which would turn out to be one of many hotels for sale in Texas he purchased including the Dallas Hilton, his first high-rise hotel.

Despite his initial runaway success, Conrad Hilton almost lost everything during the Great Depression, including several of the hotels he had so carefully built up, and even ended up working as a manager for the new owners. This was only a temporary setback however, and in the late 1940s the Hilton Hotels Corporation and Hilton International Company were formed.

The next two decades saw the Hilton group expand globally and become the first international hotel chain. Despite being a global chain of hotels, Conrad Hilton believed that each hotel should have some individual character, incorporating elements from the local culture and making each hotel unique.

The company was handed over to his son, Barron, in the 1960s, but Conrad Hilton continued to play a part as Chairman of the Board. When he died in 1979 at the age of 91, he had already earned his place in the history books as one of the most successful businessmen in history. His son, Barron Hilton, attributed his father’s success to a number of factors:

• Conrad Hilton learnt every aspect of the hotel business, from cleaning rooms to serving guests.
• He knew the financial side of the business, rather than leaving it all to an accountant.
• He respected different cultures and rather than exporting an American hotel to other countries, built international hotels in harmony with local cultures.
• He incorporated new technology, and was one of the first hotels to introduce direct-dial phones, air-conditioning and computer reservations.
• He believed in fair employment practices and encouraged his managers to employ minorities and people with disabilities.

Conrad Hilton was a visionary who incorporated business principles that many hoteliers fail to capitalise on even today, even though they proved so successful for the Hilton Hotels:

1. Be economical with resources
2. Always stay ahead of the competition
3. Make employees and investors feel part of the hotel family

Many hotels have tried to copy the exclusive service offered by Conrad Hilton, but have failed to grasp the holistic approach that he took. He was the owner of the one of the most important hotel chains in the world, but was humble enough to have learned each aspect of the running of the hotel; he respected other cultures, employees and investors, trying to get them involved in the overall success of the hotel; he made sure that the hotel was always innovative in order to make the guests’ stay more comfortable, convenient and pleasurable.

Conrad Hilton built an empire on simple success principles that can be used to this day by hoteliers looking to follow in the footsteps of this hotel giant.

Conrad Hilton Quotes

Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don’t quit.

Enthusiasm is a vital element toward the individual success of every man or woman.

I know when I have a problem and have done all I can: thinking, figuring, planning, I keep listening in a sort of inside silence until something clicks and I feel a right answer.

Rachel is a freelance blogger on a variety of topics, including business advice and buying a hotel.

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.



About the Author

William Chen
My name is William Chen, and I'm a 22 year old Student/Businessman/Web Marketer from Australia. I have over 10 years of business experience already under my belt and have founded 2 web companies. My passion is to strive for wealth, success and the ability to make the most of my life. And in sharing my knowledge to help others, as I believe one cannot fully understand something, unless they can teach it. For my full story, read here.




 
 

 
Ted Williams Homeless

4 Amazing Homeless People Saved By The Internet

Tweet 1) Ted Williams, The Man With the Golden Voice Gets a Job, Fame “I have a God given gift of voice. I’m an ex-radio announcer who has fallen on hard times. Please! Any help will be greatfully appreciated. Thank...
by William Chen
3

 
 
mozart

Top 10 Child Geniuses of All Time

Tweet There is not a person more likely to make you feel stupid and lazy than a child genius. Whether these children are born with a superior mind or a keen sense of motivation, it’s hard to tell, but here is a list of some o...
by William Chen
0

 
 
goals

10 Great Quotes on Goals

When we are motivated by goals that have deep meaning, by dreams that need completion, by pure love that needs expressing, then we truly live life.
by William Chen
1

 

 
roger

Nothing is Impossible

Tweet It’s IMPOSSIBLE! We hear it all the time. But you know what I think? I think it’s total bullshit. Given the need is strong enough, nothing is impossible – at least not so impossible that there is no reas...
by William Chen
3

 
 
money_featured

Why it’s great to be young!

Tweet The best way to become wealthy is to start young because your money has more time to compound. $10,000 deposited into your baby’s trust fund, earning 10% per year, would grow to $18,621,820 by the time your son or d...
by William Chen
22

 




One Comment



Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

CommentLuv Enabled