After a successful inaugural edition in 2022, FIND–Design Fair Asia, the key marketplace for furniture, interiors and design, returns to the Singapore Design Week lineup from the 21st to the 23rd of September 2023 at Marina Bay Sands, with over 18,000 sqm of exhibition space.
Over 15,000 visitors,350 international brands, 50 international speakers during the GlobalSummit and an array of young emerging talent showcases are expected at the upcoming event.
The highly anticipated tradeshow and design hub will once again connect leading suppliers across furniture, lighting, décor, textiles and smart interior technology with Asia’s burgeoning interior design, property development, retail and workspace sectors.
Asian markets have proven to be more resilient in the aftermath of Covid-19, and the growing demand for high-end and bespoke design within the construction, hospitality, commercial or residential sectors is a testament to this.
The design market shows enormous promise for global furniture brands, with Southeast Asia alone, projecting growth of 8.35 percent (2023-2027) to US$248.9 billion in this sector by 2027 alone. The Asia Pacific interior design services industry, worth an estimated US$35.3 billion by 2027, offers similarly impressive opportunities.
In conjunction with rebounding travel demand, investment in Asia Pacific hotels rose to US$10.1 billion year-to-date–an increase of 17 percent year-over-year (CBRE)–and some 800 new hotels are expected to open by 2024 in Asia Pacific. The Asia Pacific hotel market already generated US $18.4 billion of revenue by March 2023, and is poised to achieve further growth entering 2024 (Mordor Intelligence).
According to Colliers’ research and a development survey by Lodgings Econometrics, some 2,000 hospitality projects were underway across Asia as of the end of 2022, excluding China, which has a monumental 3,600 projects under development.
Outside of China, supply in India and Vietnam continues an aggressive upward trajectory with 383 and 240 projects in progress, respectively, closely followed by Indonesia with 227. Whilst Thailand currently sits 4th in terms of the pipeline by country (167 projects), where the capital Bangkok has the highest number of projects with 66 sites currently underway, followed by Seoul with 63 projects and Jakarta with 49 developments.
Director of FIND - Design Fair Asia, Carl Press, said that as projects and travel in the region are significantly upscaling, the confidence in the industry is growing.
“Hospitality and retail industry is moving into a new era, catering to the next generation of consumers, with smarter supply chains, integration into local cultures, and addressing sustainability needs whilst going through a technological evolution,” said Press.
FIND–Design Fair Asia is expanding its business matchmaking services through a regional hosted buyer program and value-driven networking initiatives for business visitors. This is supported by strong partnerships with key industry bodies, including the Society of InteriorDesigners Singapore (SIDS), the Singapore Institute of Architects (SIA), the Singapore Retail Association (SRA), the Asia Pacific Space Designers Association (APSDA), the Vietnam Design Association (VDAS) and several leading regional industry groups.
