'By nature, people don't go backwards in lifestyle,' says CEO Isadore Sharp
After spending nearly five decades building the Four Seasons Hotels out of a motor lodge he started in 1961, Four Seasons founder and CEO Isadore Sharp is telling his story. It's captured in his new book, "Four Seasons: The Story of a Business Philosophy," which hit bookstores this week.
Fortune contributor Sheridan Prasso got a preview from the Toronto-based hotelier when he spoke to her about the state of his industry, what he sees ahead, and how he formed his own business philosophy.
The bottom line: The hospitality industry may be experiencing occupancy rate drops of around 15 percent or more, but Sharp's been here before, and he predicts all will return to normal without permanent repercussions.
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Source - CNN
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