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
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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.