Sunday, June 13, 2010

Four Seasons Sees Rates Returning to Peak Levels in Some Areas

June 8 (Bloomberg) -- Four Seasons Hotels Inc. expects nightly rates at some of its properties will climb to the peak levels of 2008 by the end of this year as demand for luxury accommodation picks up, President Kathleen Taylor said.

The Four Seasons hotels in Washington, Paris, Buenos Aires and the Maldives will achieve or “come extremely close” to 2008 rates, Taylor said in an interview at the NYU Hospitality Conference in New York. She is also the company’s chief operating officer.

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