virtual hotel
HVS Monday Musings: Hotel Industry Tapping the Metaverse
Mandeep S. Lamba | December 5, 2022
By Mandeep Lamba, Dipti Mohan The global revenue from the metaverse* is predicted to grow at a CAGR of 44% between 2022 and 2030, reaching US$1.5 trillion, and is expected to transform a number of industries around the world. Technically speaking, the metaverse is a shared interactive virtual environment where users can create virtual identities and avatars by combining various emerging technologies like virtual reality (VR), augmented reality (AR), artificial intelligence (AI), spatial computing, etc. It is a fully functional virtual environment that coexists with the actual physical world, supported by digital money, items, and assets,...
Hotel Riu Plaza España Opens in the Metaverse
RIU | June 21, 2022
RIU Hotels & Resorts wants to be a pioneer in the metaverse and explore all that it can offer. Therefore, it has decided to make its debut in the virtual world with the emblematic hotel Riu Plaza España. The hotel has become the first to open its doors in the metaverse and has also introduced innovative solutions that combine reality and digital recreation in AltSpace. This iconic Madrid building offers customers an amazing experience in the real world, and they can now recreate this adventure in the virtual world. The metaverse is an emerging tool with great potential, and RIU firmly believes that it will become the basis of brandsâ...
