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Article

AN ASSESSMENT OF A CORPORATIZED AIRPORT COMPANY REVENUE STREAMS: PART 2 - AIRPORTS OF THAILAND NON-AERONAUTICAL REVENUES

DOI: 10.7708/ijtte2021.11(4).08


11 / 4 / 597 - 612 Pages

Author(s)

Glenn Baxter - School of Tourism and Hospitality Management, Suan Dusit University, Huahin Prachaup Khiri Khan, Thailand, 77110 -

Panarat Srisaeng - School of Tourism and Hospitality Management, Suan Dusit University, Huahin Prachaup Khiri Khan, Thailand, 77110 -


Abstract

Using a qualitative longitudinal case study research approach, this study examines Airports of Thailand PLC (AOT) non-aeronautical revenues from 2005 to 2019. The Airports of Thailand PLC has three major non-aeronautical revenue streams. The non-aeronautical revenues are comprised of concession revenues, office and state property rents, and service revenues. Non-aeronautical revenues are the second highest source of revenue for Airports of Thailand (AOT) accounting for slightly under half of the company’s annual revenue. The case study revealed that non-aeronautical revenues grew by 393.92% over the study period. The most significant growth in the non-aeronautical revenue stream came from service charge revenues, which increased by 831.82% from 2005 to 2019. The growth in the Airports of Thailand PLC non-aeronautical revenues can be attributed to the substantial growth in passenger volumes and aircraft movements during the study period.


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