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                              ACCOUNTANTS' CONSENT
                              --------------------


THE BOARD OF DIRECTORS OF FOUR SEASONS HOTELS INC.

We consent to the use of our audit report, dated February 25, 2004, on the
consolidated balance sheets of Four Seasons Hotels Inc. (the "Company") as at
December 31, 2003 and 2002 and the consolidated statements of operations,
retained earnings, cash provided by operations and cash flows for each of the
years in the two-year period ended December 31, 2003, and our Comments for U.S.
Readers on Canada-U.S. Reporting Difference, dated February 25, 2004, both of
which are incorporated by reference in this Annual Report on Form 40-F of the
Company for the year ended December 31, 2003. We also consent to the
incorporation by reference of such reports in the Registration Statement on Form
F-10 of the Company (Registration No. 333-113665) dated as of March 16, 2004 as
amended by Amendment No. 1 thereto dated April 8, 2004.





/s/ KPMG LLP
Chartered Accountants

Toronto, Canada
April 8, 2004











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