News & Stories
The next generation is taking over Harry’s Home, and it’s not a family member. The Austrian hotel group is already preparing for cleaning robots – and with good reason. With the new CEO at the helm, expansion is gathering pace.
With two major deals in Southern Europe and the Caribbean, Accor’s franchise team is forging new paths and strategic partnerships. Five Verdi hotels operated by Corinthia are to be incorporated into the Handwritten Collection. And in the Dominican Republic, a significant agreement covering 6,000 rooms has been finalised.
At the end of 2025, the Austrian hotel developer Udo Chistée filed for personal and business insolvency and is now liable for approximately €110 million. In an exclusive interview with hospitalityInside.com, the 78-year-old sets out his view of the background to the situation. Why he sees the partnership with Revo Hospitality as the catalyst, and why Revo Hospitality rejects this view.
154 out of 178 insolvent hotels of the Revo Hospitality Group have by now largely been handed over to international hotel groups and investors, according to reports. For some hotels, it could take even longer. We’ve done our own research. Not everything is transparent by any means.
Independent hotels still account for most of the available rooms in the DACH region. In Germany, branded hotel rooms represent already 45% of the overall supply, while in Switzerland and Austria brand penetration is even lower, at 36% and 21%. And there are more differences between the countries.
With overnight stays remaining stable and turnover rising slightly, operating results are also falling in Austria. ÖHV President Veit is calling for tangible relief.
Uncertainty characterised the mood of hotel sector at this year's Expo Real. But it wasn't complaining, despite the Revo shock and the rapid changes in the market brought about by new, international operators and investors. Investors have strong confidence in this asset class. The current low is a shared springboard into a new world of hospitality, which need not be worse.
The Revo insolvency is visibly reshaping the market. The Indian tech and hotel operator PRISM is the biggest beneficiary. Will it become the largest operator in Germany? How will the franchisors react? At Expo Real's conference stage, Prism, Odyssey, Wyndham and Accor took seats.
According to the findings of the first-ever Micro-Living Atlas, there is potential for 73,500 apartments in six major cities. The supply gap is primarily based on migration statistics.
The former CEO of prizeotel (now Prize by Radisson) and a family office are injecting a breath of Japanese flair into the German market with their newly created brand, KUMO. The first properties are set to open in Hamburg and Cologne, offering a combined total of 550 rooms.
