Investing in travel isn't such a gamble after all, except if you're referring to gaming -- which appears to be a sure bet when it comes to wealth creation.
Many of these angels have some big wins on their resumes, some more than one. They see a huge opportunity in vacation rentals, a high-growth market where there is tons of room for improvements both on the management end, and the guest experience.
The right celebrity can add credibility and boost branding for a travel startup or lifestyle brand, but it is ultimately up to team, with their heads down executing, to bring a concept to startup stardom.
Blackstone is a very savvy, metrics-oriented hotel investor, and with $10 billion available to invest in real estate, the world's largest hotel operator is a lodging force to be closely monitored. Despite its public company status, Blackstone is fairly tight-lipped about its strategy, and the industry awaits Blackstone's next chess move.