John Davison Quotes
So you pay for fuel costs, but the fuel costs in a truck in India or Sri Lanka is a lot less than for an aircraft flying out of London. 
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Fuel | Costs | Truck | India | Lanka |
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As previously noted, we view 2006 as a transition year. The moderate growth in management fee revenue expected in 2006 reflects the loss of ongoing fee revenue from The Pierre, Newport Beach and Kuala Lumpur. As we look beyond 2006, we expect all elements of our growth program to make a solid contribution to earnings, including strong fee improvements from existing hotels (in particular those completing renovation programs), increased fees from recently opened hotels as they stabilize and the continued addition of exciting new Four Seasons properties around the world.
- John Davison
