The Metaverse Will Impact Travel Decisions in 2023, says Booking.com

• Blockchain Council
• December 19, 2022

As the pandemic begins to recede, businesses strategize for a comeback and explore new ways to engage customers. One promising avenue is the development of the Metaverse, an exciting concept that promises to revolutionize the travel industry and alter the lifestyles of millions.

A large portion of survey participants from 32 countries who responded to a survey conducted by Booking.com indicated that in coming times, the Metaverse could assist in selecting a desirable travel destination.

According to the assessment, a sizable portion of travelers are interested in using virtual travel experiences to help them decide where they want to spend their trip. Generation Z (45%) and Millennials (43%) are the most likely to take virtual vacations in the Metaverse. According to more than half of the respondents, virtual reality is a valuable tool for picking a decent holiday location.

Furthermore, as per the survey, of the 4,574 respondents surveyed, 35% would be willing to invest time exploring virtual versions of potential travel destinations to better understand the environment before committing to a physical journey.

Most respondents still favor the physical experience of being somewhere instead of using virtual reality and Blockchain technologies to experience traveling without actually being present.

The Metaverse is a vision of the future Internet, where users can interact, collaborate, and socialize in a virtual 3D universe that is persistent and interconnected. It is a space where people can meet, explore, and engage with one another, transcending the traditional boundaries of geography and time.

The digital frontier of gaming is expanding rapidly, offering users a virtual experience that rivals the real world. Developers have pushed the boundaries of what is possible within a game, creating immersive in-game events and digital economies. This is the Metaverse, a virtual space that seeks to replicate the physical world in a digital format. 

Several enterprises, such as Microsoft and Meta, are striving to create their own digital realms and “metaverses.” However, other initiatives, such as The Sandbox and Decentraland, are utilizing decentralized Blockchain technology to develop metaverses that provide greater privacy, transparency, and depth. Numerous supporters of these efforts are ready to contribute financially and stand by their moral principles.

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