7 Case Study ThreeYou are the Revenue Manager of Fresh Wave Resort. The resort has 280 rooms and two restaurants (La Padella andGolden Greek) for 400 people. After the annual meeting, the owners of Fresh Wave Resort are concerned aboutrunning those two restaurants continuously and request you to review and evaluate the performance of therestaurants from last month, May.• La Padella and Golden Greek has 200 seats, respectively.• La Padella is open from 12 - 10pm and Golden Greek is open from 11am - 10pm.May's Income ReportLa PadellaGolden Greek27,890Number of Covers Served26,470F&B Revenue$1,482,135.00$1,353,593.00Cost of F&B Sales$302,780.00$265,282.00Salaries & Wages$199,625.00$211,329.00Required1) Given the above information, which restaurant would you suggest the owners to continue running and why? Youranswer must be supported with appropriate performance metrics and should include the rationale for your decision.Then, 2) suggest two (2) strategies to increase the profits of the restaurant.3) The owners of Fresh Wave Resort are also concerned about the function space and request that you liaise withsales and marketing to review strategies to increase function sales and venue bookings. Using the price/value map asbelow, do you agree with the owners or can you suggest an alternative strategy to present? You should justify yourresponse by referring to the price/value map and relevant revenue management principles.

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1) Given the above information, which restaurant would you suggest the owners to continue running and why? Your answer must be supported with appropriate performance metrics and should include the rationale for your decision. Then, 2) suggest two (2) strategies to increase the profits of the restaurant. 3) The owners of Fresh Wave Resort are also concerned about the function space and request that you liaise with cales and marketing to review strategies to increase function sales and venue bookings Heing the pricelaluo man ac