Exclusive: APAC’s hotels will need $14.26bn of FF&E
The Upper House in Hong Kong
The amount of FF&E required by APAC’s four- and five-star properties has been revealed in a new report by luxury hotel furniture supplier Wood Couture and TOPHOTELPROJECTS.
There’ll be enormous demand for high-quality supplies as hotel projects launch across the region.
Analysing APAC’s hotel FF&E market
An exclusive report by luxury hotel furniture supplier Wood Couture and market research company TOPHOTELPROJECTS has found that APAC’s hotel schemes will need US$14.26 billion of FF&E in the coming years – equivalent to a spend of $23,913 per key. Approximately $9.46 billion relates to five-star projects, while the remaining $4.79 billion involves four-star properties.
The FFE Market Demand Index Q1-2022 – Asian Pacific study draws on information from the TOPHOTELPROJECTS construction database, which indicates that 596,214 new hotel rooms will complete across APAC in the next few years, with China, Vietnam, Thailand, India and Malaysia as the top markets overall. Researchers have then drilled down further to gain a better picture of the category and size of each property, before combining this data with insights into typical FF&E cost per key figures in the region to estimate the total value of the market.
Helping hospitality bounce back
For the purposes of the research, FF&E is defined as loose furniture, decorative lighting, window treatments, decorative accessories, artwork and rugs (where applicable).
Wood Couture and TOPHOTELPROJECTS hope that this data-driven report, which is aimed at hotel operators, developers, investors, brands, architects, designers and suppliers, will help build confidence as the hospitality sector recovers from a challenging couple of years. It forms part of a wider research project covering the entire hotel pipeline globally, divided into four regions.
Click here to read the FFE Market Demand Index Q1-2022 series in full: Europe | Americas | APAC | MEA
Get your free copy of the FFE Demand Index Report
Related Articles
Irish boutique brand gets green light for UK first
Rendering of The Dean Birmingham, courtesy of Press Up Hospitality Group. Ireland-headquartered Press Up Hospitality Group and sister company Oakmount have been granted planning permission to convert a Birmingham landmark into a hospitality destination. The scheme...
Radisson on track for 150 African hotel target
Pictured: Recently-opened Radisson Blu Hotel Durban Umhlanga. Radisson Hotel Group is reporting its rapid African expansion is keeping it on target to have 150 properties open across the continent by 2025. The group has surpassed its half-year growth target in Africa...
Sydney’s Hilton to get facelift after record deal
Imagery © Hilton. The landmark Sydney Hilton is heading for refurbishment after changing hands as part of the largest-ever single asset transaction in the Australian hospitality sector. Baring Private Equity Asia (BPEA)’s real estate fund completed the acquisition of...
Crystal HD, The ALL-NEW Faceplate From TOPS
TOPS, a Ceits Brand, is introducing a new faceplate for your telephony needs. It’s called Crystal HD. Read why people love the new Crystal HD! 4 Reasons Why People Love the ALL-NEW Crystal HD Faceplates August 2022—When it comes to faceplates for your hotel’s branding...
Ultra luxury brand returns to Anguilla
Imagery courtesy of Àni Private Resorts. Àni Private Resorts is to double its presence on the Caribbean island of Anguilla with the signing of a second site. The 15-suite estate will be located on Shoal Bay, consistently ranked as one of the top beaches in the...
The big interview: Artur Lupashko, founder and CEO, Ribas Hotels Group
Imagery courtesy of Ribas Hotels Group. Ribas Hotels Group was progressing along nicely as a young and dynamic independent hotel development firm in Ukraine. But how did the company cope when war arrived at its door? TOPHOTELNEWS talked to Ribas’ founder and CEO,...
ABOUT THE SUPPLIER
Wood Couture is a 21st-century supplier with a mission of manufacturing and delivering quality at the right price. The brand was born in 2017 from the restructuring of a two-generation family business carrying 27 years’ experience in custom-made furniture for the hospitality and high-end residential sector from Italy and Miami to the Middle East.
