According to the World Economic Forum, a functional metaverse has three key components: presence, interoperability, and standardization.

While augmented and virtual experiences become more immersive by the day, interoperability and standardization must be built into the DNA of the metaverse from day one to avoid silos and walled gardens. So how can we build the foundations of an open and utopian metaverse in which the travel and hospitality industries can flourish without being paralyzed by the same old Web 2.0 paradigm?