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.