EXHIBIT 99.1 PRESS RELEASE


              HFS INCORPORATED AGREES TO ACQUIRE HARPUR GROUP LTD.

     Deal Valued at $206 Million; Will be Immediately Accretive to Earnings

     PARSIPPANY,  NJ, November 24, 1997 - HFS Incorporated (NYSE: HFS) announced
today it has executed a definitive agreement to acquire The Harpur Group Ltd., a
leading fuel card and vehicle  management company in the UK, from privately held
H-G Holdings, Inc. for approximately $186 million in cash plus future contingent
payments  of up to $20  million  over the next two years.  Closing is subject to
regulatory approval and is anticipated in early 1998.

     Based in  Trowbridge,  UK, The Harpur Group  provides fuel card services in
the United  Kingdom,  offering the Dialcard and Overdrive fuel card brands.  The
company also serves the vehicle  management  market which includes the provision
of fleet, maintenance and accident management services.

     Henry R. Silverman,  HFS Chairman and CEO, said, "With about 350,000 active
fuel cards  accepted at more than 12,000  petrol  stations in the UK, The Harpur
Group  will be a strong  strategic  fit  within  our  existing  fuel card  fleet
management  businesses  and will be  immediately  accretive  to our earnings per
share.  Combined  with our PHH fleet  management  operations,  we will  create a
network of over 900,000 fuel cards and a fleet of 275,000 vehicles in the UK."

     The transaction does not include Harpur's  Australian fuel card business or
its private label card processing business,  based in Sophia Antipolis,  France.
Both  businesses  will be retained by H-G Holdings,  Inc.  within a newly formed
business unit, International Card Enterprises.

     HFS  Incorporated is a global provider of real estate and travel  services.
The  Company is the  world's  largest  franchisor  of  residential  real  estate
brokerage  offices,  provides  mortgage  services to  consumers  and is a global
leader  in  corporate  employee  relocation.  Within  the  travel  sector of the
economy,  HFS is the  largest  franchisor  of hotels and  rental  car  agencies,
leading  provider  of vacation  timeshare  exchanges  and is the second  largest
vehicle  management  company  worldwide.  In May, the Company  announced that it
would merge with CUC  International  (NYSE: CU). The merger is expected to close
in the fall of this year.