LUXURY High Performance Kitchens FINAL
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Transcript of LUXURY High Performance Kitchens FINAL
Presenters • Andrea Medeiros, editor-in-chief, TecHome Builder
– Reports about recent trends in the connected kitchen – Moderates session
• Linda Passaro, marketing consultant, Strategic Branding Solutions
– The idea of luxury as a mindset, recent stats – Identifies top 10 kitchen trends
• David Gordon – Luxury builder perspective on kitchen tech trends
High-Performance Kitchens
Marketing consultant Strategic Branding Solutions, LLC More than 25 years marketing experience with luxury companies
LindaPassaro
Luxury Market • Luxury applies to top 1% of
UHNW individuals • In 15 years, luxury
consumers grew from 140 to 250 million
• Personal luxury goods grew to $251 billion in 2014
Source:UnityMarke1ng
Luxury Real Estate US top destination for $30 million UHNW buying $1 million+ homes +14.2% Q2 2015
Source:WealthX,Sotheby’s2015
Luxury Real Estate • Palm Beach largest price
gains +42%
• Miami 12x highest average prices at $6.5 million
• Millenials account for 16%
of home purchases $1.0 milion+
Source:Redfin,Sept.2015
Luxury Real Estate Luxurious homes mean having something no one else has… to impress others, you need even more luxurious, unique features & technology.
“Exclusivity separates luxury home owners from high-end” “As technology is more accessible… being ‘luxurious’ gets even harder… need to stand out and bring experiences to higher levels.” —Pamela Liebman of Corcoran Group Pearl Fisher Report
Luxury Kitchen Trends Trend in cooking shows wave of new appliances promising chef quality…
“We're creating products people never knew they needed, now can't live without,” — Samsung President, Tim Baxter.
Luxury Kitchen Trends "We are in a movement… what the kitchen should truly be… most kitchens built by architects… not to be used by a cook,” — Eric Ripert, Chef Le Bernardin NYC
Luxury Kitchen Trends “The Art of Cooking Meets Technology” in the Kitchen Performance Kitchens must meet consumer needs to cook, entertain, promote healthy living
Luxury Kitchen Trends Balance between “high tech” and “high touch” as kitchen are the highest human “connection” space for family and friends. Does tech in the kitchen free consumers from constraints? Or tie them tighter to devices? How to keep the kitchen “human” with “advanced technology.”
Source: “High Tech High Touch: Technology & Our Search for Meaning” John Naisbitt (1991)
1. “PERFECT KITCHEN” Indoor and Outdoor
Luxury Kitchen Trends
2. Touch Cabinets
Luxury Kitchen Trends
3. ‘Uber’ Pantries – mini prep kitchens, coffee stations, chef prep area for entertainment
Luxury Kitchen Trends
4. Clean Countertops
Luxury Kitchen Trends
5. Refrigerator Drawers in Island
Luxury Kitchen Trends
6. Built-In Wine Refrigerators
Luxury Kitchen Trends
7. Steam Ovens
Luxury Kitchen Trends
8. ZERO Energy – new efficiency 30% reduction in costs / 33% reduction in CO2 emissions
Luxury Kitchen Trends
9. Smart Technology idevice controls
Luxury Kitchen Trends
10. Smart Appliances Refrigerators
Luxury Kitchen Trends
Appliance Brands Race to even Smarter Technology…. Countertops that Cook?
Luxury Kitchen Trends
Source: CNN Money 2/15 Fortune 5/15
Q&A Are appliance brands or consumers demanding technology/connectivity in kitchen? How to communicate as builder community to UHNW buyers about technology in home/kitchen? What primary “need” for Technology in Kitchen:
– Speed/ Ease of use? – Functionality? – Performance /Showmanship as First Adopter in Social/Affinity Group?