Four Seasons Hotels Inc. - T.FSH- Profile

Four Seasons Hotels Inc. The Group's principal activities are to manage and invest in hotel, resort and interval, fractional and whole ownership residential properties throughout the world. The Group operates in two segments: Management operations and Ownership operations. The Management operations supervises all aspects of hotel operations on behalf of the hotel owners, including hotel sales and marketing, reservations, accounting, purchasing, budgeting and the hiring, training and supervising of staff. This segment also includes the licensing and managing of residential projects and clubs. As of 31-Dec-2002, the Group manages 57 hotels and resorts and two residence clubs and had various projects under construction. The Ownership operations had an equity interest in 10 hotels and resorts and two residence clubs under management and six projects under construction. Hotel Ownership accounted for 50% of 2002 revenues and Hotel Management, 50%.