Nightfood Holdings Inc. (NGTF) Leading Hospitality Innovation with Business Model Fusing Hotel Ownership, AI and Robotics
Globenewswire·2025-08-07 12:30

Company Overview - Nightfood Holdings Inc. is innovating the hospitality industry by integrating AI-powered robotics with strategic hotel acquisitions, aiming to enhance operational efficiency and reduce costs [4][5] - The company is positioned to capitalize on the growing global service robotics market, projected to exceed $170 billion by 2030, through its dual focus on hotel ownership and Robotics-as-a-Service (RaaS) [5] Industry Trends - The hospitality industry is undergoing significant changes due to the adoption of AI and robotics, leading to operational cost reductions of 30%–40% and improved guest satisfaction [2] - The AI-driven hospitality market is expected to grow to $1.46 billion by 2029, with a compound annual growth rate (CAGR) of 57.8%, while the broader hospitality robotics sector is projected to expand from $24.38 billion in 2024 to $107.24 billion by 2034 [2] Strategic Initiatives - Nightfood Holdings plans to acquire a 155-room Holiday Inn in Victorville, California, which will feature guest-facing robots developed by its subsidiary, Skytech Automated Solutions [3] - The company has partnered with Bear Robotics to implement automation solutions across its hotel portfolio, which is anticipated to grow to $80 million in assets [3]