3 Major Market Trends of Hotel Furniture Wholesale

According to market research report data, the global hotel furniture market sales reached US$4.3 billion in 2023, and it is expected that by 2030, this figure will climb to US$5.6 billion, with an average annual growth rate (CAGR) of 3.7%.

Among them, North America is the largest market, with a sales market share of more than 35%, while Europe's hotel furniture sales market share exceeds 25%. Europe's unique cultural heritage makes local hotels have high requirements for furniture design and craftsmanship.

Some furniture industry experts pointed out that the growth of the global hotel furniture market size is mainly due to the continued recovery of the global tourism industry.

If you are a hotel operator or an entrepreneur engaged in hotel furniture wholesale, it will benefit you to understand the market trends of hotel furniture wholesale.

1.Trends in hotel furniture wholesale: more intelligent

Nowadays is the era of AI technology development, and major hotels have also realized this trend and are gradually upgrading furniture to be intelligent.

The intelligent upgrade of hotel furniture includes three directions: function integration, system interconnection and technology upgrade. Among them, hotel furniture will integrate more intelligent functions in the future. For example, common smart mattresses, smart lighting systems, smart charging furniture, and smart wardrobes that adjust temperature and humidity.

Through the Internet of Things technology, hotel furniture can be interconnected with other intelligent systems. For example, guests who have just checked into the hotel can use smart terminals to uniformly control the various functions of the furniture, or contact the hotel front desk and service robots.

Cases of intelligent hotel furniture

Hotel Wonderful: Introducing Baishi Whole-House Smart Devices, using whole-house voice control to achieve intelligent control of lights, curtains, TVs, air conditioners, and lighting scene changes.

Intelligent Sleep Harbor Hotel: Introducing Sleep Harbor smart mattresses and whole-house smart systems. Smart mattresses can achieve more than 20 intelligent sleep scenarios, such as reading mode, zero gravity mode, anti-snoring mode, and can freely adjust the mattress angle. There are air wave massage systems and music somatosensory massage systems, and body sign sensors are installed.

White Swan Hotel: Cooperating with Guangzhou Pharmaceutical Holdings Limited, using the "HEKA AI Smart Mattress", which can adapt to the human body structure and relieve shoulder and neck pressure.

Futian Shangri-la Shenzhen: The guest rooms are equipped with smart curtains, which can be controlled by the bedside table remote control.

2. Hotel furniture needs to be customized more

Like the tourism industry, the hotel industry is also facing fierce competition.

How to gain a larger market share and gain more favor from consumers is the most concerned issue for hotel operators. According to statistics, hotels with uniquely designed furniture have a 30% higher brand recognition than ordinary hotels. For example, InterContinental Shanghai Wonderland has become an iconic brand in the hotel industry through customized furniture.

In addition, according to data from professional market research institutions, more than 80% of hotel consumers hope that the hotel they stay in can provide a unique accommodation experience. Like Chimelong Hotel Guangzhou, its white tiger theme room and panda theme room are customized with animal-themed furniture.

Through the analysis of room types of different hotels, it is found that customized furniture can increase the space utilization rate of rooms by an average of 15% - 20%. It is estimated that through customized design, the space utilization rate of hotel restaurants can be increased by 25%. Ergonomic customized hotel furniture can increase the comfort of guests by 30% - 40%.

According to the evaluation of professional design institutions, hotels with furniture that fits the overall style well can increase guest satisfaction by 25% - 35%, and the customer repurchase rate of such hotels is at least 15% higher than that of ordinary hotels. According to the above methods, this will allow hotels to stand out in the fierce market competition.

3.Cross-border cooperation trend of hotel furniture wholesale

According to statistics, the global co-branded product market size is expected to reach US$469 billion in 2026. Among them, the hotel furniture industry will have deeper cross-border cooperation with interior design, smart home, technology, and art in the future.

According to a financial media report, in the first three quarters of 2024, the hotel business revenue of SLEEMON, MLILY, and DeRucci, the three giants in China's mattress industry, totaled more than 700 million yuan, which shows that the cross-border cooperation between home furnishing companies and the hotel industry has huge benefits.

For example, furniture brands can jointly create special theme hotels with hotel brands. For example, LINSY cooperates with a cultural hotel. The room theme of the hotel is matched with LINSY's different styles of log furniture, giving consumers a variety of choices.

How to get more business intelligence on hotel furniture wholesale? Visit Click2connect platform

The Click2connect platform provides a lot of detailed company introductions, product pictures, and specification parameter information, which is convenient for you to fully understand the product quality of wholesalers.

In addition, you can register on the Click2connect platform to become a supplier, expand the global market, and obtain more high-quality resources.

Conclusion

In the future, there are many opportunities in the hotel furniture wholesale industry. The hotel furniture wholesale industry will also have the following trends: intelligence, customization and cross-border cooperation.