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Four Seasons confident in steady growth for luxury business

Four Seasons Hotels’ first half operating earnings before exceptionals improved by 37.3% to $44.2m and gross operating margin by 200 basis points to 33.2% worldwide. Revenue per available room (revPAR) was up 11.9% worldwide and up 12.2% at $303 at the group’s US hotels. RevPAR in Europe, which includes three hotels in Mayfair, Canary Wharf and Hampshire, grew by 15.3% to $375. “Demand for luxury travel continues to be very healthy while supply growth in most markets has been minimal, creating a very favourable dynamic in the luxury segment of the lodging industry,” commented Isadore Sharp, Four Seasons chairman and chief executive.

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