Buy custom Analysis of Hiltlon's annual report
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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 921 |
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85 % comes in through own branded websites; 15 % come from agencies.
2.4 Transactions and costs
In 2003 Hilton sold some fully owned hotels to CNL Hospitality Corp. as a joint venture. The net cash flow of this transaction was used to reduce the long term debts to US $ 3'801 million. As a result of low interest rates lower outstanding mortgages and loans were renewed at fixed rates and net paid interests declined...
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As a result of low interest rates lower outstanding mortgages and loans were renewed at fixed rates and net paid interests declined. Costs increased by 3 %, especially expenses for healthcare, insurance and property taxes rose to US $ 21 million.
Salaries and wages as the largest component of cost rose by 2 %...
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