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TARRYTOWN, N.Y., Feb. 11, 2025 (GLOBE NEWSWIRE) -- via IBN – Nightfood Holdings, Inc. (OTCQB: NGTF), a company dedicated to transforming the hospitality industry through AI-powered robotic solutions and smart automation, is excited to provide shareholders with an update on its 2025 growth strategy and expansion initiatives.
As part of its ongoing acquisition strategy, Nightfood Holdings is doubling down on AI-driven service robotics and hotel assets, positioning itself at the forefront of automation and efficiency in the hospitality sector. These acquisitions will serve as implementation and testing grounds for next-generation robotic automation, helping drive operational excellence, cost savings, and real estate value optimization.
A Transformational Year: Scaling AI-Powered Robotics in Hospitality
Nightfood Holdings is actively pursuing strategic acquisitions that align with its mission to revolutionize hospitality operations through automation. Upcoming acquisitions include:
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AI-Powered Robotics Companies – Expanding its portfolio to incorporate cutting-edge robotic automation solutions that optimize hotel operations, reduce labor costs, and enhance profitability.
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Hotel Property Acquisitions – Identifying and acquiring hospitality assets in key markets to serve as proof-of-concept locations for service robot deployment.
With rising labor costs and an increased demand for automation, the hospitality industry is rapidly embracing Robotics-as-a-Service (RaaS) solutions. These innovations help fill labor gaps, reduce operational expenses, and boost real estate asset values, making automation an essential tool for modern hospitality businesses.
Massive Market Opportunity: Hotels in California and Nevada
The Total Addressable Market (TAM) for service robotics in hospitality is expanding at an unprecedented pace, driven by growing labor shortages, increasing operational costs, and a greater need for efficiency.
Market Overview & Growth Potential:
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Hotels in California: Over 19,000 hotels operate in California, making it one of the largest hospitality markets in the U.S.
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Hotels in Nevada: With over 5,000 hotels, Nevada—particularly Las Vegas—serves as a global hub for hospitality innovation and automation.
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Total Addressable Market (TAM): The global service robotics market is projected to exceed $170 billion by 2030.
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Serviceable Available Market (SAM): The North American segment represents a $50 billion market, fueled by rising demand for robotic automation in hospitality.
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Serviceable Obtainable Market (SOM): Nightfood is strategically positioned to capture a significant share of the market by integrating robotics across multiple hospitality properties.