"The new Four Seasons Hotel Toronto is a showcase for the next generation of Four Seasons experiences, helping to exemplify where we're headed in the future," says President and Chief Executive Officer Katie Taylor. "It gives us all a sense of pride to display the very best of Four Seasons, right here in our hometown." The global footprint ofFour Seasonsspanning five continents and 36 countries is the result of a development strategy with focus on the destinations its guests want and need to travel. In 2011,Four Seasonssigned 14 letters of intent, more than any other year in the company's history. Each new hotel that results from this process brings to life the best of the local culture, aesthetic and experiences, making eachFour Seasonsstay distinct and memorable. "Our growth strategy is driven by opening the right hotel, in the right destination, which also drives the right economics for the hotel owner," says Scott Woroch, executive vice president worldwide development. "We've never taken a cookie-cutter approach as we strive towards opening our 100th hotel and beyond in the next ten years." China is one of the largest areas of focus for the company going forward, representing more than 20 percent of projected openings for the next four years. A new property in Guangzhou opened in July 2012, and additional hotels are slated to open in Beijing and Shanghai Pudong in the coming weeks, as well as a hotel in Shenzhen in the near future.Four Seasons first entered Asia with the acquisition of Regent Hotels in 1992. After refining the Asian portfolio and rebranding Regent hotels to Four Seasons, the company focused on opening branded hotels in major city centres and exotic resort locations throughout the region.
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