One of Europe’s largest hotel operators has collapsed into insolvency, sending shockwaves around the travel and tourism sector. Revo Hospitality Group (previously known as HR Group) made the voluntary administration filing in Berlin on 19 January 2026, meaning it is likely to undergo debt restructuring as it seeks future investors.
Revo operates as a so-called “white label” hotelier, running hotels as a third party under the auspices of other global brands—some of them well-known names like Accor, Hilton, and Marriott. Launched 18 years ago, it has built its management assets up to more than 260 hotels across 12 European nations and 146 cities, employing approximately 8,300 people. Around 34% of that workforce could be left without a job, the group announced, as over half of its hotels are affected by the insolvency measures.
“Around 140 companies belonging to the REVO Hospitality Group have filed for insolvency under their own management at Charlottenburg District Court”, the group said, adding “approximately 125 hotels in Germany and Austria will continue to operate with all 5,500 employees. The proceedings will be supervised by court-appointed administrators.”
The news comes despite a recent barometer from UN Tourism showing what were said to be “solid results” across most destinations in 2025. That said, headwinds such as geopolitical uncertainties, oil prices, and high inflation remain. Revo has blamed the debt problems on the rapid expansion it underwent in recent years, which it said had led to “duplicate structures and integration problems,” amid a general economic environment characterised by “increased wage costs” and “higher costs for rent, energy and food.”
Revo is not the only hospitality sector firm to find itself struggling. Sonder’s apartment-style rentals defaulted in November 2025 despite a partnership with Marriott Bonvoy. In the same month, the real estate holding firm behind the Long Beach Fairmont Breakers (Breakers Mezz I) filed for Chapter 11 bankruptcy. Penn Florida Companies is the developer behind the Mandarin Oriental Hotel and Residences in Boca Raton, Florida. did the same in early 2026.
In the restaurant segment, US-headquartered franchises such as Applebee’s, Pizza Hut, Red Lobster, and TGI Fridays have all seen major closures since 2024. In fact, Allianz Trade data shows a global rise in hospitality bankruptcies between 2022 and 2026. In Ireland Insolvencies in the hospitality sector were projected to exceed 1000 in 2025, a 48% increase year-on-year, while in the UK, by 2025, 48% of hospitality firms were rated “high risk” for insolvency.
That financial climate indicates travel and tourism consumers should carefully check hotel and restaurant reservations, as well as cancellation and insurance policies. As far as Revo is concerned, it has said bookings through March 2026 are safe, but it is wise to check. Paying by credit card often means consumers benefit from protections should the hotel close or not honour the reservation, but, again, credit card terms may vary.
