Business is improving globally for luxury hotel chain Four Seasons, according to incoming Chief Executive Kathleen Taylor, who currently serves as the company’s president and chief operating officer.
“2010 has been a very good year, with an uptick really all around the word,” Taylor told CNBC Wednesday.
Specifically, Taylor said the company has seen “great strength” in the Americas and the Asia Pacific region.
“We’ve seen really strong growth in the United States through the first half of the year,” Taylor elaborated. “We’ve got RevPAR (revenue per available room) up almost 14 percent, which is a huge gain year over year.”
China is a major growth area for the Four Seasons, according to Taylor. The chain currently has three hotels in the country but plans to more than quadruple that number.
“We recently announced that over the next few years we’ll have about 14 hotels open in China. We’re currently opening two this year,” Taylor added.
Taylor said the slowest growth area for the Four Seasons is the Eurozone, but she added that things are picking up there as well.
Four Seasons, which owns 82 hotels in 35 countries, was taken private in 2007. It is currently owned by Prince Alwaleed Bin Talal, Cascade Investments (investment vehicle controlled by Bill Gates) and Isadore Sharp, the hotel’s founder.