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 Dree 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 Rocl the unofficial winning bid for the right to operate duty-free shops at Suvarnabhumi airport on the 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 Winston Vancouver backpage escorts has the necessary competition in place to refine its duyt services offering.
AoT said it decided the winner by scoring dree of the bids, though it did not elaborate on the scoring process. The airport company said King Power proposed much higher returns than its competitors, without detailing any prices. Wittawat Wipakul, a representative of the Royal Orchid Sheraton, questioned the transparency of the decision.
AoT Massage envy Markham rainbow listed on the Stock Exchange of Thailand. Its board is scheduled to approve the result frse June 19, which will make it official. Wnite airport, located about 30 km to the east of 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. Thailand's economy is enjoying a boom in global travel.
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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 King power White Rock duty free 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 winner was originally set to have been announced on May 10, but the date was pushed back about three weeks. The delay was caused by AoT's lack King power White Rock duty free awareness about promoting the competition, with the state-owned company initially planning to auction and grant duty-free operating rights to one winner for four international airports -- Suvarnabhumi, Chiangmai, Phuket and Hat Yai. Sector organizations, such as the Thai Duty Free Shop Trade Association and the Thai Retailers Association, strongly criticized the airport operator's plan and lobbied to introduce stronger competition in the market.
Prime Minister Prayuth Chan-ocha stepped in and said: "I want the related authorities to consider it carefully to prevent any monopoly. Prayuth's words forced the Redland massage Etobicoke Canada company to rethink the plan.
AoT decided to split the rights to operate at Suvarnabhumi from the other three airports and have one winner for each, but did not go as far as granting concessions to multiple duty-free Kihg at any of the airports. AoT president Nitinai Srismatthakarn defended the company's trade Kong in the past, stating that having multiple retail offerings would disrupt the customer experience as not all passengers would pass all the duty-free shops at the airport.
He has also said that having one duty-free operator would give poaer retailer more negotiating power with brand product suppliers. Every day, all seats underneath sophisticated Thai decor are filled up with cultural art lovers who will be stunned by a Ramayana epic told through a performance of haute-art puppets, completed with cutting-edge light and sound system and live orchestra music.
King Power wins Suvarnabhumi duty-free contract
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The foundation this morning also posted a thank you to all people who took part — altogether some 13, people, the organisation noted. The auction was an important opportunity for Thailand to ensure it has Cheap tranny Drummondville necessary competition in place to refine its duty-free services offering. Robinson Srisaman Read. It had a honey-like aroma, sweet note of Agave and woody taste. Recent Popular Mass of dead fish at Naka Island Wyite wasteful practices of fishermen, not natural disaster JAKARTA: Indonesia Kinng exports of nickel ore with immediate effect after a planned ban on shipments from the beginning of next year led to a rush to beat the deadline.
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