Exclusive: Europe’s hotels will need $8.14bn of FF&E
The Beckett Locke aparthotel in Dublin
The amount of FF&E required by Europe’s four- and five-star properties has been revealed in a new report by luxury hotel furniture manufacturer Wood Couture and TOPHOTELPROJECTS.
There’ll be enormous demand for high-quality supplies as hotel projects launch across the continent.
Analysing Europe’s hotel FF&E market
An exclusive report by luxury hotel furniture supplier Wood Couture and market research company TOPHOTELPROJECTS has found that Europe’s hotel schemes will need US$8.14 billion of FF&E in the coming years – equivalent to a spend of $27,785 per key. Approximately $4.84 billion relates to five-star projects, while the remaining $3.30 billion involves four-star properties.
The FFE Market Demand Index Q1-2022 – Europe study draws on information from the TOPHOTELPROJECTS construction database, which indicates that 292,880 new hotel rooms will complete across Europe in the next few years, with the UK, Germany, France, Italy and Spain 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
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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.