The largest operator in Europe, Revo Hospitality Group, whose decline occurred in mid-January, was the subject of a$ 160 million investigation, Wyndham announced on Wednesday. The cost served as a reminder of the volatility of the hotel industry’s asset-light business model, which requires hotel companies like Wyndham to not own the properties they promote to guests. The history: Revo is a Berlin-based company that runs about 22, 000 hotels under the Wyndham and different names. After a quick growth binge collided with rising prices and weaker-than-expect, Revo filed for self-administration, the German equivalent of Book 11 debt.
