#USA #Milpitas #commercial real estate #Inhabitr #AI Furnishing

Inhabitr Celebrates a Successful 2024 and Eyes Future Growth

Inhabitr, known for being the world's first AI-driven end-to-end furnishing solution within the commercial real estate (CRE) sector, has recently announced an extraordinary year of growth in 2024. The company succeeded in doubling its revenue year-on-year, illustrating a significant shift in how furnishing solutions are provided across diverse real estate markets.

In the past year, Inhabitr transformed its approach, evolving into a technology-centric platform designed to innovate the furniture, fixtures, and equipment (FFE) procurement process, particularly in key sectors of the CRE market, such as hospitality, student housing, and multifamily housing. This strategic pivot has enabled them to solidify their position as leaders in the furnishing solutions space.

Key Growth Milestones

Inhabitr achieved remarkable feats last year, which include:
1. Furnishing 15,000 Rooms Globally: The company's impressive expansion has allowed it to furnish over 15,000 hotel rooms worldwide, showcasing their robust capabilities in managing large-scale projects.
2. Hospitality Sector Dominance: The hospitality industry played a pivotal role in Inhabitr's growth, as they experienced an astounding 600% increase in awarded projects. This success spanned across 20 brands and nine segments, ranging from select-service hotels to luxury accommodations, throughout 14 states in the U.S.
3. 100% Conversion Rate: Inhabitr's focus on quality was highlighted by achieving a full conversion rate from model room designs to actual production for hospitality initiatives, underscoring the reliability and quality of their products and services.
4. International Expansion: Looking beyond U.S. borders, Inhabitr launched operations in the UAE and Saudi Arabia, establishing a design studio in Dubai and winning contracts with top hospitality brands in the region.

Ankur Agrawal, the Founder and CEO of Inhabitr, expressed pride in the company's achievements in 2024, stating, “This year was pivotal as we relentlessly deployed new technologies to streamline the FFE supply chain and offered sustainable solutions to the CRE industry. Our commitment to innovation and service has set the stage for our continued growth.”

Ambitious Plans for 2025

Riding the wave of success in 2024, Inhabitr has laid out aggressive plans to double its revenue once more in 2025. The company intends to:

• - Rebrand and Revamp: Introduce a refreshed brand identity along with an updated website, inhabitr.ai, aiming to strengthen its positioning as the ideal FFE solution for commercial real estate.
• - Expand International Operations: Establish a presence in the UK, where a dedicated team is already operational and has started work on its first project.
• - Innovate with Technology Solutions: Launch new technology solutions designed to overhaul traditional FFE systems into modern, digitally-driven methods.
• - Open New Design Studios: New studios are set to be opened in the vibrant markets of New York and London, broadening their reach and service capabilities.

The company’s technology-focused approach aims to significantly enhance the efficiency, speed, and transparency of the furnishing process, allowing commercial spaces to flourish beautifully and efficiently. Their proprietary design engine leverages generative AI technology, creating tailored furnishing options in mere minutes, while their cloud-based furniture catalog makes millions of products readily accessible with detailed specifications and pricing, ensuring propriety to budget requirements. Moreover, their innovative IoT-enabled tracking system promises consistent transparency and reliability for delivery timelines.

Inhabitr is not just transforming spaces but revolutionizing how they are furnished. The team's devoted commitment to harnessing technology is what drives Inhabitr's ongoing mission to innovate and serve the CRE market effectively.

For more insights into Inhabitr and their technology solutions, visit inhabitr.ai.

About Inhabitr

Inhabitr continues to lead as the premier AI-driven solution provider in the commercial real estate furnishing arena. With a proven track record of over 30,000 units furnished across various CRE sectors, including hospitality and student housing, Inhabitr maintains a diverse global workforce of over 150 professionals situated in eight different countries, dedicated to transforming spaces into vibrant places.