In the year 2019, when I got an opportunity to work with this resort, things worked out

well not only for the resort but for the employees as well. Based on the resort financial report, the
company made a sum profit of nearly $10b with an average of ADR of 168.3 and occupancy rate
at 67.5%. In 2020, however, the resort recorded a huge drop of $1.6b from 2019 figures, with
average ADR dropping with 39.05 as occupancy rate dropped with nearly half (32.3). The main
challenge that contributed to such losses is Covid-19 which led to lack of flow in supply chain
and need to reduce the employees.
In order to overcome these challenges, there are various actions that should be taken.
There should be an increase in the revenue spent on the investment. In 2019, when the
expenditure on investment was $27b, the profit realized was 10b. In 2020 however, when the
investment reduced to $21b, the profits also dropped with 1.5b. Further, there may be need to
reduce the employees by 10% in order to avoid further losses (Lee, 2020). Now that there is
vaccine against Covid-19, the resort may again scale high in business. The budget of 2021
should therefore be raised to $25b.
The best way in which the company is going to make succeed in with the increase in
investment is through advertisement. This can be on televisions and billboards. There should also
be good offers for customers especially over the upcoming winter season. In Conclusion, the
approach of plans for 2021 should be focused and the resort should not fear the feasible risks
(Aggelopoulos, 2017). Though it may be sad sending many employees home, to a large extent,
this may be sort by changing employment terms to contracts. While some workers are on
session, others may break so they all work on shifts (Burth, 2014).
 Reference

1. Lee Jr, R. D., Johnson, R. W., & Joyce, P. G. (2020). Public budgeting systems. Jones &
Bartlett Learning.
2. Aggelopoulos, E., & Georgopoulos, A. (2017). Bank branch efficiency under
environmental change: A bootstrap DEA on monthly profit and loss accounting
statements of Greek retail branches. European journal of operational research, 261(3),
1170-1188.
3. Burth, A., & Hilgers, D. (2014). Cui bono? Depicting the benefits of the new municipal
budgeting and accounting regime in Germany. Journal of Business Economics, 84(4),
531-570.
4. Shim, J. K., Siegel, J. G., & Shim, A. I. (2011). Budgeting basics and beyond (Vol. 574).
John Wiley & Sons.