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They already know. If you’re reapplying to the same school, admissions can see your prior application history. You don’t get extra points for it, just show what’s changed.
It is quite possible that they waitlisted you last year to give you a nod that they liked your profile and wanted to see you come back as a reapplicant. While most schools won't tell you that you need more experience, a waitlist decision and a way to communicate that message to an applicant.
https://www.stratusadmissionscounseling.com/blog/six-tips-for-business-school-reapplicants/