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Thai Duty-free business to open up to new players

Updated: Sep 1, 2019



BANGKOK, 20th February 2019.

State-owned Airports of Thailand (AOT), released new guidelines for concessions for duty-free and commercial activities at its 6 airports, which undermines the long-established primacy of King Power in the Thai Duty-Free business as its license is set to expire in 2020.


According to Reuters, AOT is launching an auction to open up retail space license to other companies:

  • Retail giants Central Group (Thailand)

  • The Mall Group (Thailand)

  • Shilla (South Korea)


AOT and the duty-free business is a major beneficiary of booming tourism in Thailand, which saw over 38 million passenger arrivals in 2018.


 

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