Nightfood Holdings Inc. (NGTF) Set to Capitalize on Market Dynamics, Regional Policy Tailwinds
Globenewswire·2025-08-05 12:30

Company Overview - Nightfood Holdings Inc. is revolutionizing the hospitality industry by integrating AI-powered robotics with strategic hotel acquisitions [4] - The company is positioned to capitalize on the growing global service robotics market, expected to exceed $170 billion by 2030 [5] Industry Trends - The hospitality industry is experiencing a transformation driven by AI and robotics, with hotels utilizing automation reporting 30-40% reductions in operational costs [2] - The AI in hospitality market is projected to grow to $1.46 billion by 2029, with a compound annual growth rate (CAGR) of 57.8% [2] - The global hospitality robotics market is anticipated to expand from $24.38 billion this year to $107.24 billion by 2034 [2] Strategic Initiatives - Nightfood Holdings plans to acquire a 155-room Holiday Inn in Victorville, California, which will be its first property to integrate guest-facing robots [3] - The company has established a partnership with Bear Robotics to enhance automation across its portfolio, which includes approximately $80 million in assets [3]