Asia Pacific's economic slowdown is not impeding hotel development in Southeast Asia, especially in hot markets such as Indonesia, Malaysia, Thailand, the Philippines, Myanmar and nearby Sri Lanka. Despite slumping GDP growth and Thailand entering a recession, demand has remained strong with the six countries averaging a 17.6% year-on-year increase in overnight visitor growth during the first nine months of 2013, according to UNWTO. Indonesia has the largest pipeline of the six countries with foreign direct investment in hospitalty exploding, funding the development of primarily economy and midscale hotels. Thailand's pipeline is concentrated on Bangkok and established resort destinations, but developers are also looking at more remote parts of the country.
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