King Power Duty Free Bangkok
And to make shopping while travelling even more convenient, King Power duty free introduces a new online shopping service KING POWER CLICK & COLLECT where customers can shop for duty-free items at any time until two hours before flight departure. Collection can be made at both departure and arrival counters. Orders can be tracked by going to the menu MY ACCOUNT on www.kingpower.com and King Power Application.
King Power Duty Free Bangkok
BANGKOK (Reuters) - The death of Leicester City soccer club owner Vichai Srivaddhanaprabha adds to challenges his King Power International empire faces as its dominance of the lucrative Thai duty-free industry comes under scrutiny.
State-owned Airports of Thailand Pcl (AOT), which grants the concessions, may consider awarding licenses to multiple operators, analysts said. Unlisted King Power currently controls more than 90 percent of Thailand's duty-free market, being a sole operator with concessions in all major airports in the country until 2020.
Tourism is booming in Thailand, which received nearly 35 million visitors last year, most funneled through the airports where King Power is ubiquitous. But public debate has increased over the single duty-free operator structure.
"(King Power) has a successful history in duty free retailing and the travel industry, now the question is how effective King Power can be in engaging the government other stakeholders without Vichai's leadership, especially in upcoming auction for concessions in Bangkok, Phuket, Pattaya and Samut Prakan," said Nattabhorn Juengsanguansit, Director at Asia Group Advisors, a government affairs consultancy.
For the group, which has been expanding into sports, winning the upcoming duty-free license auction has become more crucial to get steady cash flow and fund heavy investments to acquire athletes and managing staff.
King Power Group has won the bid to operate duty-free shops at Suvarnabhumi airport for another 10 years and six months and another to run commercial space at the airport, Airports of Thailand Plc (AoT) said on Friday.
Tourism is booming in Thailand, which received nearly 35 million visitors last year, most funnelled through the airports where King Power is ubiquitous. But public debate has increased over the single duty-free operator structure.
According to reports, King Power is facing a multimillion-pound lawsuit for allegedly failing to pay the Thai government money due from the operation of the company's duty free franchise at Bangkok's Suvarnabhumi airport.
As well as the King Power Complex the installation was also rolled out in the downtown area of Bangkok and the T Galleria in Hong Kong. NARS now has plans in place to roll out the experience into iconic duty-free locations in South Korea and China throughout 2019.