A new research conducted by banking major HSBC says that in the future, transport and tourism might mean not going anywhere at all. Analysts Davey Jose and Anton Tonev said that the rise of virtual reality will let people visit places, via virtual worlds, that are free to enter, and does not require a visa or a passport.
More and more people, according to them will opt for these experiences, because they’re cheaper, safer and more convenient.
VR could “create a many new avenues for recreation and leisure, and if it follows the ad models of many of the technology giants today, these VR recreation activities could be free,” HSBC said.
“If this is the case, instead of recreation costs going up, costs could decline, even if the number of hours spent in virtual worlds for leisure increases.”