With an increasing presence of international tourists, the Hospitality Industry in Europe continues to be the main locomotive of the contract furniture and furnishings sector, representing about 20% of the whole business. Approximately 10% of non-residential building space in Europe is occupied by hotels and hospitality facilities. Global tourism is constantly increasing. According to the World Tourism Organization (UNTWO) Tourism has boasted virtually uninterrupted growth over time, despite occasional shocks, demonstrating the sector's strength and resilience. International tourist arrivals have increased from 25 million globally in 1950 to 278 million in 1980, reaching 674 million in 2000, and 1,235 million in 2016. The whole European continent (including Turkey and Russia) accounts for 50% of total arrivals and 37% of receipts. Western Europe accounts for about 34% of global international arrivals and 29% of total international tourism receipts. The strong momentum is expected to continue also in 2018, although at a more sustainable pace after eight years of steady expansion following the 2009 economic and financial crisis. Based on current trends, economic prospects and the outlook by the UNWTO Panel of Experts, UNWTO projects international tourist arrivals worldwide to grow at a rate of 4%-5% in 2018. This is somewhat above the 3.8% average increase projected for the period 2010-2020 by UNWTO in its Tourism Towards 2030 long-term forecast. Europe and the Americas are both expected to grow by 3.5%-4.5%, Asia and Pacific by 5%-6%, Africa by 5%-7% and the Middle East by 4%-6%. The current stock of hotel and similar accommodation facilities in Europe is 146,000 establishments, with over 5 million bedrooms and 10 million beds. The average size of existing hotels is increasing as the average number of bedrooms per establishment rose significantly for most European markets, with a constant increase in the number of available bedrooms and a decrease in the number of establishments. The average furniture and furnishing renovation rate for a hotel is estimated to be 8 to 10 years, frequently with partial renewal every 5 to 7 years and a complete refurbishment every 20 years.