REVO Hospitality Group files for insolvency amid rising costs and market pressures
REVO Hospitality Group, a leading European hotel operator, has filed for self-administered insolvency. The move comes after months of financial pressure from rising costs and market challenges. The company manages 250 hotels across twelve countries, employing around 8,300 people.
The insolvency affects roughly 140 subsidiaries, including four hotels in the Brussels region: Steigenberger Parkhotel, Centro Hotel, IntercityHotel in Braunschweig, and Centro Hotel Goya in Wolfsburg. Operations will continue during proceedings, with a restructuring target set for summer 2026.
Financial troubles stem from soaring wage bills, higher rents, and increased energy and food prices. Rapid expansion has also strained the group’s finances. In Brussels, a VAT hike to 12 percent and higher city taxes have worsened the situation. Local hotels face low occupancy rates—70.7 percent in 2025 compared to 74.7 percent in 2019—alongside flat room revenues and unfair competition from illegal accommodations, which now hold 25 percent of the market.
The impact on employees and regional hotels remains uncertain. The group struggles to offset inflation, putting jobs and competitiveness at risk.
REVO Hospitality Group aims to stabilise its finances through restructuring by mid-2026. The insolvency highlights broader pressures on the hospitality sector, including tax burdens and rising operational costs. The outcome for staff and local hotels will depend on the success of the reorganisation plan.
