Access an annual report of an established hospitality business of your choice. Develop an approximately 15-minute presentation (each team member to present for approximately 5 minutes) that addresses the following questions:
What are the major changes that your business has experienced over the last 12 months? (Provide justification and supporting research that may explain why these changes have occurred).What are the major discussion points that arise from analysis of the Income Statements and Balance Sheets contained in the Annual Report?What challenges has your business experienced in terms of controlling costs of sales, labour cost and cost of operating supplies? Has the business managed these challenges well?Within the next 12 months, what strategies would you recommend in relation to the pricing of goods and revenue management of your chosen business?Through forecasting projected revenues over the next 12 months, what changes would you make to the budget of your chosen business?Overall – how do you evaluate the financial health of the business?
