Rising popularity of the metaverse, growing integration of virtual reality platforms in travel and tourism, and increasing use of cryptocurrencies for luxury travel experiences are some of the key factors expected to drive market growth
A new report on the Global Metaverse in Travel and Tourism Market has been published by Emergen Research and provides current developments and emerging trends in the market. The report offers a comprehensive overview of the market along with details regarding market size, market share, revenue growth and major companies. The report contains all the crucial and essential information related to the global Metaverse in Travel and Tourism market to help readers, investors and customers gain a thorough understanding of the market and invest accordingly. Several advanced statistical tools such as SWOT analysis or Porter’s five forces are used in the report.
Virtual Reality and Augmented Reality have helped deliver more immersive travel experiences and, in turn, accelerated metaverse integration in the travel and tourism industry. Metaverse has the potential to change the way travelers engage with pre-, post- and during-trip shopping and become an essential part of the travel ecosystem. The rapid adoption of technology by travel and tourism companies to create alternatives to real-time travel, increased investment to create 3D virtual tours and the increasing use of metaverse platforms to improve travel services are some of the key factors expected to lead to market revenue growth over the forecast period. Additionally, the increasing use of the metaverse by travel and tourism companies to enhance their destination reputation, create immersive marketing experiences, and provide critical guest information about room reservations, room sizes, and features is another key factor expected to drive the market’s revenue growth. go forward.
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The main purpose of the report is to provide market overview, product size, growth outlook and risk. The report also provides detailed information about each player of the global Metaverse in Travel and Tourism market along with its global position, financial condition, product launch and business expansion plans, among others. Market players are focused on developing different strategies, such as partnerships, mergers and acquisitions, joint ventures, product launches and investments in research and development.
Companies Featured in the Global Metaverse in Travel and Tourism Market:
The Boeing Company
Color Star Technology Co. Ltd.
Powerbridge Technologies Co., Ltd.
Beyondvision Cultural Development Co., Ltd.
Meta platforms. Inc.
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The hardware segment will register a rapid turnover CAGR:
The hardware segment is expected to deliver robust CAGR revenue over the forecast period, driven by growing adoption of advanced AR and VR devices for themed tours, in-flight entertainment and virtual tours, technological advancements in hardware equipment, and the availability of advanced AR and VR devices. In addition, the availability of affordable AR glasses, increasing investment to develop robust immersive technology, and rapid adoption of VR headsets and controllers are other factors expected to drive the segment’s revenue growth.
Destination Tours segment revenue to support market growth: the
The destination tours segment is expected to account for a significant revenue share in the global market over the forecast period, owing to growing awareness of the metaverse’s potential to change the dynamics of the consumer experience in destination choice, attractions, and accommodations. VR and AR platforms and metaverses allow users to discover destinations without physically going there, discover hotels and resorts and their facilities, and test various trips and excursions that can drive bookings. This is another factor that should contribute to the revenue growth of this segment.
The report also covers the scope of individual applications and types in each region. The report also includes details on production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and requirements influencing the market growth in the region and presence of key players in the region.
Research has segmented the global travel and tourism market by components, technology, end use, and region:
OutlookRevenue, billion USD; 2018-2030)
Augmented Reality (AR)
Virtual reality (VR)
Mixed Reality (MR)
Extended Reality (XR)
Outlook End Use (Revenue, USD Billion; 2018-2030)
Visit room at
Theme Parks and Museums
Fairs and exhibitions
The regional segmentation includes current and forecast estimates of the market in key geographic regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.
Travel and Tourism Market Metaverse Regional Outlook:
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
Rest of MEA
Key Features of the Metaverse in Travel and Tourism Market Report:
The report details the key drivers, constraints, opportunities, challenges, growth prospects, constraints and threats.
The report includes details of key companies, product portfolio along with specifications, production valuation and market shares
Assessment of key current and emerging market trends and growth prospects
It also provides research-based estimates for the forecast period of eight years mainly to estimate the potential growth of the market
Brief overview of the industry related to research and development, technological progress and development
In-depth evaluation of the upstream raw carpet products, downstream buyers, requirements and the current market scenario
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