The Metaverse Market in Travel and Tourism Industry is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.
The Metaverse Market in the Travel and Tourism Industry size is expected to increase by USD 188.24 billion from 2021 to 2026, with an accelerated CAGR of 26.01% as per the latest market report.
37% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for metaverse in the travel and tourism industry in North America.
Market growth in this region will be faster than the growth of the market in the South American and MEA regions.
The growing investments in AR technology from key vendors, rising adoption of technologically advanced applications among consumers, and robust research activities to increase metaverse applications will facilitate the metaverse market growth in the travel and tourism industry in North America over the forecast period.
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