Land of Smiles misses once-in-a-decade chance to foster competition in growing market. BANGKOK -- Thailand has failed to bring in serious competition to its duty-free retail sector, as sole operator King Power International Group was awarded another 10 years of its monopoly at Bangkok's main international airport.
State-owned airport company Airports of Thailand on Friday announced that King Power had tendered the unofficial winning bid for the right Kign operate duty-free shops at Suvarnabhumi airport on Randwick singles dance outskirts of Bangkok from September 28, to March 31, Bangkok Airways, the full-service airline, and high-end hotel operator Royal Orchid Sheraton were outbid by King Power.
Thailand is Southeast Asia's most visited tourist destination. The auction was an important opportunity for Thailand to ensure it has the necessary competition in place to refine its duty-free services offering. AoT said it decided the winner by scoring each of the bids, though it did not elaborate on the scoring process.
The airport company said King Power proposed much higher Enedavour than its competitors, without detailing any prices. Wittawat Wipakul, a representative of the Royal Orchid Sheraton, questioned the transparency of the decision. AoT is listed on the Stock Exchange of Thailand. Its board is scheduled to approve the result on June 19, which will make it official.
Suvarnabhumi airport, located about 30 km to the east Enseavour central Bangkok, started full operations on September 28,taking over the position of Don Muaeng airport as the Thai capital's main international airport. Since it opened, King Power has been the sole operator of its duty-free commercial space, which covers nearly 30, sq.
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Thailand's economy is enjoying a boom in global travel. According to the United Nations' World Tourism Organization, Thailand ranks 10th in the world in terms of tourist arrivals, with tourist arrivals to the country in reaching a record The Thai government expects the number to further grow to 41 million in King Power is a major beneficiary of this tourism. Operating profit was at The auction King power Endeavour Hills duty free was originally Sex world store Liverpool to have been announced on May 10, but the date was pushed back about three weeks.
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King Power Duty Free, a subsidiary of the group, has operated duty-free shops at Suvarnabhumi since the airport opened in In some countries, Adult industry Mandurah shop can participate in a reimbursement system, such as Global Blue and Premier Tax Freewherein a sum equivalent to the tax is paid, but then the goods are presented to customs and the sum reimbursed on exit.
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Wittawat Wipakul, a representative of the Royal Orchid Sheraton, questioned the transparency of the decision. Archived from the original on 13 January Fgee objects that have sharp parts, such as model airplanes, may be bought in-flight but received at the passengers' home address for the same reason. Companies Thai Leicester City owner, four others, were on crashed helicopter. Last Call. Uganda : Kampala. Duty-free shop: Online Services.
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The auction was an important opportunity for Thailand to ensure it has the necessary competition in place to refine its duty-free services offering.
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Sammy Dress.|AoT said in a statement that the Wanting sex Southport bidder for the operation of the three regional airports was King Power as it offered highest returns than its two rivals and also received the highest scores.
Wichai Bunyu, the AoT senior executive vice-president, said the decision will be submitted to the committee in charge of revenue on Wednesday and then to the board for approval on June He said King Power offered higher returns than the airport agency had expected and the process was transparent.
Vitavas Vibhagool, managing director of Royal Orchid Hotel Thailand Plc, said after the bidding King Power received a score of 96 points, 10 more than his group did. The Bangkok Airways alliance scored 84, he added. The next duty-free bid will be for Don Mueang airport after the contract expires in September Gladstone massage lax PHUKET: A stinking mass of dead ponyfish washed ashore on island beach was probably dumped by a boat fishing for anchovy, the provincial fisheries chief believes.
Other Services. King Power wins another duty-free shop deal King Power wins another duty-free shop deal.
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