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Revo Hospitality Group, Europe’s largest white-label hotel operator, filed for insolvency, impacting 8,300 employees across 12 countries, though all German and Austrian hotels remain open.
Revo Hospitality Group, Europe’s largest white-label hotel operator, has filed for insolvency, affecting around 8,300 employees across 140 affiliated companies in 12 countries.
The company, formerly HR Group, cited rising costs, rapid expansion, and underperforming acquisitions as key challenges despite €1.3 billion in annual revenue.
All 125 hotels in Germany and Austria will remain open with full staffing.
Court-appointed administrators and restructuring specialists will oversee recovery efforts, with pre-financing requested for employee salaries.
Operations in France, Spain, the Czech Republic, and other nations are under review.
Revo Hospitality Group, el mayor operador de hoteles de marca blanca de Europa, se declaró insolvente, lo que afectó a 8.300 empleados en 12 países, aunque todos los hoteles alemanes y austríacos siguen abiertos.