Investor Giant Blackstone Stands Ready With $252 Billion to Invest: Travel Can Benefit
Photo Credit: Blackstone leaders are monitoring the distressed travel industry as an investment opportunity. PxHere
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Blackstone wants to expand its investments in flashy segments like e-commerce and sustainable energy, but the tanked travel sector may offer the most attractive prices and upswing.
Blackstone, one of the world’s largest real estate investors, continues to attribute its strong financial performance during the pandemic to its limited exposure to battered sectors like hotels and retail.
But that doesn’t keep company leaders from looking at the travel sector to deploy some of Blackstone’s $252 billion in cash to invest.
“As history has shown, it is during the difficult periods that distinguish the best asset managers,” said Blackstone CEO Stephen Schwarzman during an investor call Wednesday. “The current disloc
