EXHIBIT 99.1

[FOUR SEASONS LOGO]                                                         NEWS


APRIL 25,  2005 --  TORONTO,  CANADA -- FOUR  SEASONS  HOTELS  INC.  (TSX SYMBOL
"FSH.SV";  NYSE SYMBOL "FS")  announces  that it will adopt the US dollar as its
reporting currency effective commencing the first quarter of 2005.

The Company has historically  prepared the consolidated  financial statements in
Canadian  dollars.  Effective  for the  quarter  ended March 31,  2005,  we have
adopted  US  dollars  as  our  reporting  currency.  With  the  majority  of our
management  fee revenues in US dollars,  reporting in US dollars will reduce the
volatility on reported  results  relating to the impact of  fluctuations  in the
rate of exchange  between the US and Canadian dollars relating to these revenues
and, as a result, we believe it will provide the financial  statement users with
more meaningful  information.  We have not changed the functional  currencies of
the Company or any of its subsidiaries.

Consolidated  financial  statement  schedules in US dollars for the quarters and
full years of 2004 and 2003,  including the applicable  foreign  exchange rates,
are           available           on          our           website           at
http://www.fourseasons.com/pdfs/press/Financial_Statements_in_US_Dollars.pdf.
The  consolidated  financial  statement  schedules in Canadian dollars have been
translated to US dollars  using the foreign  exchange  rates  applicable at each
balance sheet date for assets and liabilities, and the weighted average exchange
rates  of  the  corresponding  quarters  for  the  consolidated   statements  of
operations,   consolidated   statements  of  cash  provided  by  operations  and
consolidated  statements of cash flow. Equity  transactions have been translated
to US dollars at the  historical  exchange  rates for 2004 and 2003 with opening
equity accounts on January 1, 2003 translated at the exchange rate on that date.
Any  resulting  exchange  gain  or loss  was  charged  or  credited  to  "Equity
adjustment from foreign currency  translation"  included as a separate component
of shareholders' equity.

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Dedicated to continuous  innovation  and the highest  standards of  hospitality,
Four Seasons invented luxury for the modern traveller. From elegant surroundings
of the finest quality,  to caring,  highly  personalised  24-hour service,  Four
Seasons  embodies  a true home away from home for those who know and  appreciate
the best.  The deeply  instilled  Four  Seasons  culture is  personified  in its
employees  - people who share a single  focus and are  inspired  to offer  great
service.  Founded in 1960,  Four  Seasons  has  followed  a  targeted  course of
expansion,   opening   hotels  in  major  city  centers  and  desirable   resort
destinations  around the world.  Currently  with 66 hotels in 29 countries,  and
more than 20 properties  under  development,  Four Seasons will continue to lead
luxury hospitality with innovative  enhancements,  making business travel easier
and leisure travel more rewarding.  For more information on Four Seasons,  visit
www.fourseasons.com.

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CONTACT:          BARBARA HENDERSON
                  VICE PRESIDENT, CORPORATE FINANCE
                  (416) 441-4329