24 Aug Please answer the following three parts in your report:Part

Please answer the following three parts in your report:Part 1.Discuss the challenges of taking over an inefficient hotel with limited facilities（No mini bar, no conference room, no quick check in/out and so on） (150 words)Part 2Please discuss the importance and impact of ADR, REVPAR and Occupancy percentage. Finally, provide an analysis of how ADR, RevPar and Occupancy% performance indicators affect your hotel’s operation and how it impacts management’s decisions. Do the same analysis for key F&B performance indicators, including prices, costs and profits.Use relevant performance indicators in your report from your own HOTS hotel.Average monthly ADR$, Average monthly Occupancy%, Average monthly REVPAR, Rooms Revenue, Rooms Gross Profit, monthly management decisions (from your Management Decision Journal). revenues and costs, profits, selling price, number of covers, average daily check, etc. (500 words)Part 3.Research in Internet a real 3-4 stars hotel operation anywhere in the world (150 words) – If you have a contact in a hotel, you can use this contact’s experience/knowledge, to complement your on line research.What is the hotel criteria to make decisions on:oRevenue ManagementoMenu/Banquet PricingoWhat percentage of revenues and profits are typically generated from a full-service hotel in Rooms and F&B? Please use web sources and reference at least 2 sources.How you will be evaluated1.Discuss how these results impact management’s decisions (past and future)2.Were ways to improve the operation of your hotel going forward, based on current results identified in the report?3.Was there an overall improvement in your hotel ‘s results compared to previous terms4.Report showed critical thinking and analysis and NOT JUST STATING the facts.5. Only part3 can use 2 references