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Page 1: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 2: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 3: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 4: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 5: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 6: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 7: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 8: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 9: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 10: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 11: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 12: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 13: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 14: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 15: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 16: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 17: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 18: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 19: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 20: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 21: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 22: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 23: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 24: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 25: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 26: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 27: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 28: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 29: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 30: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 31: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 32: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 33: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 34: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 35: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 36: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 37: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 38: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 39: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco
Page 40: Annual Report 1978" - Hilton – Investor Relationsir.hilton.com/~/media/Files/H/Hilton-Worldwide-IR-V3/annual-report/... · San Francisco San Francisco Airport Hilton San Francisco

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