Europe's Largest Hotel Operator Is Going Under. Here's What Travelers Need To Know

Revo Hospitality Group, the biggest third-party hotel operator in Europe, has entered insolvency proceedings in Germany. The white-label hotel operator runs hundreds of hotels across Europe for major franchises, including Marriott, Hilton, Accor, Wyndham, and IHG. This means that although Revo doesn't usually own the hotel buildings or the brands themselves, it manages them on their behalf. Revo currently operates in 260 hotel locations across 12 countries and 146 cities, employing over 8,300 staff. Around 140 companies linked to the group have filed for insolvency under self-administration at the Charlottenburg District Court in Berlin.

No immediate closures have been announced for around 125 hotels in Germany and Austria, and they will continue to operate, meaning around 5,500 employees in these countries will keep their jobs. As for the rest, the aim is to restructure by summer and attract new investment. Revo has pointed to the economic crisis as a reason for closure, including an increase in minimum wage and higher rental, energy, and food costs. In a press release, the company explained that rapid expansion in recent years had led to duplicate structures and integration problems. "The acquisition of the new hotels involved considerable costs. On the other hand, the number of overnight stays did not increase as expected, and the planned turnover for 2025 was not achieved," (via Hospitality Inside).

Founded in 2008 by the investor and property expert Ruslan Husry, the first hotel from Revo Hospitality Group opened in Leipzig, Germany. The company saw significant growth starting in 2020, expanding from 51 hotels to more than 250, increasing its workforce to around 8,300 staff. It then became Europe's largest third-party hotel operator, with a reported annual turnover of around $1.5 billion.

Originally known as HR Group, it changed its name to Revo as recently as 2025. Running mostly low- to up-market hotels and apartments aimed at business travelers and families, Revo was responsible for day-to-day operations and staffing. Rather than managing boutique hotels in Europe, the company focused on globally-recognized brands. Revo also ran its own labels, including Vagabond Club, Hyperion, and Aedenlife long-stay apartments. It's still unclear how these brands will be affected, but the restructuring process could lead to future changes. 

Revo managed properties in popular travel destinations throughout Europe, with some of its more well-known hotels being the Grandhotel Belvedere Davos in Switzerland and the Pullman Berlin Schweizerhof in Germany. But Revo isn't the only travel company going into liquidation in recent months. North America Destinations, which has been organizing theme park trips since 2000, filed for bankruptcy in early January 2026. Similarly, short-term rental platform Sonder Holdings reportedly left thousands of travelers without accommodation in November 2025, after Marriott announced it would be ending their agreement.

For travelers who have a booking with Revo, there are no changes concerning the 125 hotels in Germany and Austria that are staying open. For the rest of the properties, administrators have said they aim to honor bookings with departures before the end of March 2026, and some will continue to operate during restructuring. The best advice for travelers is to contact the hotel directly for confirmation of the booking. It's also worth keeping an eye out for emails from either the hotel or the booking platform, but avoid canceling until you receive news about the situation. For future reservations, follow Rick Steves' advice on how far in advance you should book your hotel in Europe.

If your booking is no longer valid, you may be eligible for compensation depending on how you paid. U.S. travelers can ask for credit card chargebacks, and U.K. travelers who paid by credit card may be protected under Section 75 of the Consumer Credit Act. For bookings from other countries, protections vary, and you may be able to recover your costs depending on card issuer policies or whether you took out travel insurance. The future remains uncertain for Revo with administrators seeking new investment. According to Dr. Benedikt de Bruyn, a law firm partner at GT Restructuring, one of the largest insolvency agencies in Germany, the aim is to find a long-term solution and approach international investors. In Revo's press release, he stated, "With the initiation of insolvency proceedings, the interest of investors, which has been noticeable to date, is likely to increase even further. We are therefore confident that we will be able to quickly resolve the economic problems of the affected companies of the Revo Group by the summer."