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Market.us - Global Virtual Tour Market By Type

Key Points and analysis - Why Choose a 360° Virtual Tour?

 

​​Businesses that incorporate virtual tours report an increase in bookings and conversion ratios by 16% to 67%, underscoring the significant impact of virtual tours on sales and customer engagement. Young adults aged 18 to 34 are 130% more likely to book a property if the listing includes a virtual tour, demonstrating the appeal of this technology to the millennial and Gen Z demographics.​

360 Virtual Business tours - How virtual tours can increase customer engagement

Key Points and analysis - Why Choose a 360° Virtual Tour?

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Companies utilizing virtual tours have experienced a 36% higher conversion rate, indicating that customers are more likely to make a purchase or booking after engaging with a virtual tour. Additionally, virtual tours can significantly increase the time visitors spend on a website, enhancing overall engagement and interest in the offerings.

Global Data Forecast - Global Virtual Tourism Market Size, Share, Trends & Growth Forecast Report By Product Type... (types of tour etc)

Key Points and analysis - Why Choose a 360° Virtual Tour?

 

​The global virtual tourism market was valued at approximately USD 13.46 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 30.2%, reaching around USD 111.16 billion by 2033.  

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Digital in the round - 12 mind-blowing statistics for virtual tours 2024

Key Points and analysis - Why Choose a 360° Virtual Tour?

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​Virtual tours have a significant impact on customer decision-making, with 75% of potential clients influenced by a virtual tour when considering a service or property. Additionally, businesses that incorporate virtual tours have seen a reduction in wasted viewings by 40%, indicating that virtual tours help in pre-qualifying genuinely interested customers.

Virtual Tour Company- Virtual tour statistics you should know

Key Points and analysis - Why Choose a 360° Virtual Tour?

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​Implementing virtual tours can lead to a substantial increase in bookings for hotels and restaurants, ranging from 16% to 67%. Moreover, 50% of adult internet users rely on virtual tours during their research and decision-making process, underscoring the importance of this tool in attracting and converting customers.

Italian Journal of Marketing - The use of virtual tours to stimulate consumers’ buying and visit intentions

Key Points and analysis - Why Choose a 360° Virtual Tour?

 

Research shows that virtual tours significantly impact customer engagement, visit intent, and purchasing decisions. A study found that interactive 360° experiences can increase consumer interest and sales.

 

The Power of Virtual Tours:

• Increased Buying Intent: Consumers who experience a product or location through a virtual tour are 33% more likely to make a purchase.

• Boosts Physical Visits: After taking a virtual tour, 46% of users express interest in visiting the location in person.

• Younger Audiences Are More Engaged: The study found that young males had the highest intent to visit and purchase after experiencing a virtual tour.

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For businesses in real estate, hospitality, retail, or tourism, virtual tours provide a cost-effective way to attract and convert customers.

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