- The U.S. robot as-a-service market was valued at $440 million in 2023, project with substantial growth to reach $2.19 billion by 2033 with a robust Compound Annual Growth Rate of 17.59% from 2024 to 2033 from Precedence Research
- Nightfood Holdings has launched a new subsidiary, Future Hospitality Ventures, to capitalize on this explosive growth while solving employment problems in the hospitality industry
- Future Hospitality Ventures has RaaS (robots-as-a-service) offerings that improve operational efficiencies for both front and back of house
- The company has been demonstrating its RaaS technology to restaurants, health care facilities, hotels, and even school operators with great interest
Nighttime snacking is a $50+ billion market. The global robotic as-a-service market size was valued at $440 million in 2023, with a CAGR of 17.59% from 2024 to 2033, forecasted by Precedence Research.
Nightfood Holdings (OTCQB: NGTF), a company focused on acquisitions in the hospitality, food service, and CPG sectors, isn’t just about satisfying late-night cravings, they have a vision to disturb entire industries. Their innovative approach extends beyond cookies, venturing into the realm of hospitality with a new groundbreaking subsidiary, Future Hospitality Ventures, that management believes can help solve the hospitality employment crisis.
This diversification creates a unique opportunity for investors seeking exposure to a variety of high-growth sectors. With a focus on their cutting-edge automation solutions, Nightfood offers a chance to invest in the future of food and hospitality.
The Hospitality Labor Crisis: A Burning Platform for Innovation
While Nightfood leads the charge in the nighttime snack revolution towards healthier munchies, the launch of Future Hospitality tackles a critical challenge plaguing the hospitality industry: a crippling labor shortage. According to the American Hotel & Lodging Association (“AHLA”), more than two thirds of hotels continue to experience staffing shortages, now offering more pay and a host of incentives in order to attract and retain talent.
It’s a ubiquitous problem, evidenced by news headlines filled with stories of the hospitality industry in turmoil. California’s soaring minimum wage of $20 per hour has forced closures of long-standing businesses, leaving others scrambling for solutions. Future Hospitality offers a revolutionary answer: automation through robots-as-a-service (“RaaS”).
Future Hospitality: Automation Takes Center Stage
Future Hospitality’s plug-and-play robotic solutions are designed to streamline operations and enhance both guest experiences and staff efficiency. Their offerings cater to both front-of-house and back-of-house needs:
- Front-End Revolution: Advanced serving robots work alongside wait staff, ensuring faster, more reliable service. These robots minimize wait times, reduce errors, and free up staff to focus on guest interaction
- Back-End Boost: Smart cooking bots transform kitchens. These intelligent assistants deliver consistent food quality, allowing even inexperienced staff to prepare delicious meals quickly, addressing bottlenecks in busy kitchens
Future Hospitality: Demonstrating Innovation, Sparking Interest
Future Hospitality has been actively showcasing their robotic solutions to a broad audience, such as regional restaurant franchises, assisted living facilities, hotels, and even hospital operators. These demonstrations have garnered significant interest from industry leaders seeking solutions to optimize operations and answer labor shortages, service inconsistencies, and surging staffing costs, amongst other benefits.
“We are excited about the positive feedback from potential partners who recognize the value our robotics solutions bring to their operations,” said Lei Sonny Wang, CEO of Nightfood Holdings in a press release on the progress. “Our technologies not only improve operational efficiencies but also enhance the overall customer experience, which is crucial in today’s competitive market,” he concluded.
Nightfood: A Sweet Dream for Investors and the Future of Hospitality
Nightfood Holdings offers a compelling proposition for both consumers and investors. For consumers, they provide sleep-friendly snacks and a hospitality experience enhanced by innovation. For investors, NGTF presents an opportunity to capitalize on multiple rapidly growing markets – nighttime snacks and hospitality automation – with a company at the forefront of both.
For more information, visit the company’s website at https://nightfood.com/.
NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at http://nnw.fm/NGTF
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