When you own or manage a hotel, resort, or a vacation rental complex, there are benefits to purchasing wholesale furniture. Whether your existing furnishings have sustained normal wear-and-tear, or you’ve decided to give your establishment a new look, purchasing factory direct furniture can save you time and expense. Furthermore, a furniture wholesale outlet will have everything that you need, from Adirondack chairs for the patio or deck to love seats and queen sleeper sofas for the living and bedrooms.
Since you are responsible for making indoor and outdoor furniture purchase decisions, you are likely interested in learning a bit about the furniture industry itself. It’s also likely that you may be interested in current purchasing trends for bedding and other items, such as outdoor grills.
The U.S. Census Bureau reported that there are approximately 87,000 furniture establishments within the United States. Currently, these businesses have over 500,000 employees. On an annual basis, the furniture industry’s revenue amounts to $120 million. Given the demand for outdoor furniture and grills alone, a recent study indicated that sales are expected to increase every year by 3.7%. By 2019, the combined revenue for these types of items is expected to be $9.1 billion a year.
Consumer spending on furniture and bedding has also been steadily increasing. In 2015, for example, sales for these items amounted to $102 billion. Experts contend that this spending will continue to increase until 2020. A U.S. Department of Commerce report indicated that furniture and home furnishing sales increased over a one-year period. While home furnishing store sales totaled $9.27 billion in June 2016, they totaled $9.51 billion the following June.
A Furniture Today survey showed that Americans are continuing to invest in outdoor furniture. The study also revealed that 90% of the households that do so have incomes that range from $30,000 to $100,000 a year. It’s also interesting to note that back-to-school shopping seasons bring in a considerable amount of revenue, according to the National Retail Federation. It’s been projected that furniture sales for this upcoming time period will reach approximately $6.23 billion.
Since you need indoor and outdoor furniture, you can simplify this process by contacting a furniture wholesale outlet. These furniture suppliers will be able to provide you with what you need so that your establishment continues to look its best. Your guests will definitely appreciate that you have provided them with an attractive and comfortable environment during their stay.
