• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Lifestyle Hospitality

2022: Where does Hospitality fit in the Metaverse?

Hospitality, The Metaverse and the Future

Sunil Bolar by Sunil Bolar
March 9, 2022
in Hospitality, Technology, The Global Economics
Reading Time: 3 mins read
0
2022: Where does Hospitality fit in the Metaverse?

2022: Where does Hospitality fit in the Metaverse?

227
SHARES
1.3k
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

What is the metaverse?

The term ‘Metaverse’ was made globally famous in late 2021 when Facebook announced the change of its name to Meta. The hospitality industry is just the latest in a series of industries migrating to the Metaverse.

The concept of a Metaverse, however, was first made popular in 1992 by a science-fiction novel named Snow Crash.

This interpretation of a Metaverse envisaged a single entity system. The Metaverse now, does not refer to any specific object, entity or place. On the other hand, it represents an intersection of realities – physical and virtual – in the digital world, using the Internet as a backbone.

How does Hospitality fit in with this new Reality?

Hospitality is defined as a method to make people feel welcome. A question many have asked is,  can that be done in the metaverse? The answer is – most definitely. A challenge that may be posed to the hospitality industry with reference to the Metaverse, is it that it creates unique and memorable experiences for its customers.

Experts feel that while sights and sounds can be seamlessly replicated in the Metaverse, other sensory experiences like smell, taste and touch are almost impossible to recreate using computer simulation.

This brings to light the question of how the hospitality industry can integrate with the Metaverse, without compromising on the experiential offerings to its customers. While this may be a difficult question to answer, listed below are just some of the areas where the industry can fit into todays’ new reality.

3D virtual tours of hotel rooms, event spaces, and amenities are just some of the applications that the hospitality industry can envisage for its foray into the Metaverse. At present, using existing technology, a customer can experience walk-throughs of venues on a computer. The fundamental differentiator is that this experience is still through a computer screen.

An immersive experience, made possible with VR (virtual reality) and AR (augmented reality) will be able to provide a much more realistic impression of space and size while walking through a ballroom for example.

Mark Zuckerberg has famously said that the Metaverse can be regarded as an embodied Internet, where instead of just viewing content, one is actually in it.

Virtual tours of hotel rooms will be made possible, and this will eliminate any misunderstandings or mismatch of customer expectations with the property. Many feel that having a presence in the Metaverse today is as important as having a social media account a few years ago.

The Metaverse environment offers a unique and useful method for training employees in the hospitality sector. Experts feel that situations, like roleplaying sessions, can be less uncomfortable than what they are today.

The anonymous environment offered by the Metaverse also allows for more genuine interactions when it comes to simulated interactions with guests. Even negative interactions can be simulated, which can train employees better to handle negative behavior or comments from guests.

3D modelling takes away the headache of renovations and associated model rooms, which can be a costly and time-consuming exercise. Every property presents its own challenges while being renovated or remodeled.

Currently in the physical world, many of these challenges don’t come to light until actual completion of the work. Recreating rooms and guest-areas in 3D using the Metaverse avoids most of the complications arising from human error.

As human interaction with technology evolves  and changes, the hospitality industry is also expected to rapidly follow the trending industry adoption of technology to improve experiences.

What remains to be seen, is whether the Metaverse will be able to not just replicate, bur replace the actual experience of walking through a property and experiencing sights, sounds and smells inherent to the hospitality industry.

Via: short URL
Tags: hospitalityhotel industrymetaversetechnology
Sunil Bolar

Sunil Bolar

Sunil is a creative person who combines his love for writing with tech and business.

Related Posts

Apple's Annual Launch Event 2023 - iPhone 15, Apple Watch Ultra 2, and More 
Technology

Apple’s Annual Launch Event 2023 – iPhone 15, Apple Watch Ultra 2, and More 

by The Global Economics
September 18, 2023
The 10th Rate Hike By European Central Bank – A Record High In 2 Decades
Central

The 10th Rate Hike By European Central Bank – A Record High In 2 Decades 

by The Global Economics
September 15, 2023
EU Comes Up With New Set of Rules for the US Tech Giants
Technology

EU Comes Up With New Set of Rules for the US Tech Giants 

by The Global Economics
August 29, 2023
Subway Inks Sale with Roark Capital, Ending 50+ Years of Family Ownership
Retail

Subway Inks Sale with Roark Capital, Ending 50+ Years of Family Ownership 

by The Global Economics
August 25, 2023
To Infinity and Beyond: Virgin Galactic launches its first space tourist flight after decades of promises
Technology

To Infinity and Beyond: Virgin Galactic launches its first space tourist flight after decades of promises

by Riya Thomas
August 11, 2023
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

UK Banks Announce Closure of 36 More Branches

UK Banks Announce Closure of 36 More Branches

September 22, 2023
Indonesian Parliament Approves $216 Billion State Budget

Indonesian Parliament Approves $216 Billion State Budget

September 21, 2023
Changing Geopolitics of Azerbaijan & Armenia and Its Effects on the World Economy

Changing Geopolitics of Azerbaijan & Armenia and Its Effects on the World Economy

September 20, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version