The global hospitality robots market size is estimated to reach US $471.77 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 14.19 per cent during the forecast period. Hospitality robots, integrated with IoT technology, are revolutionising the hotel, restaurant, and facilities industries, Technavio said in a report. These robots, available in various sizes and functionalities, range from US $5,000 to US $100,000. Smaller robots, such as porter robots and AI robot servers, cost between US $5,000 and US $20,000. Larger, sophisticated robots, including humanoid robots and multilingual robots, can cost up to US $100,000 or more.
