I’ve learned that financial statements tell a story, a movie recapping all that has happened in terms of trading over a period of time. We have recently completed our financials for the fiscal year 2015, and budgets for F2016, and these certainly do tell our story!
From a budget outlook, we survived a shaky 2015, mostly due to underperformance of ‘bums in beds’ and occupancies not reaching each property’s capabilities. What is also very apparent is that our food and beverage departments are over-achieving – although this is positive, it is not a good formula for success.
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