Some investments in insurers were still necessary even for Blackstone - the most staunch asset-light manager.

Source: https://seekingalpha.com/article/4572179-why-brookfield-and-peers-followed-apollo-into-insurance?source=feed_all_articles

The asset-light franchise model allows the company to maintain some of the best margins.

Source: https://investorplace.com/2023/11/3-top-rated-travel-stocks-that-analysts-are-loving-now/

These days, management contracts or asset-light strategy are the preferred route for expansion, given 5 main advantages.

Source: https://www.thehindubusinessline.com/portfolio/big-story/ihcl-eih-lemon-tree-royal-orchid-4-key-factors-to-be-at-home-with-hotel-stocks/article67076298.ece