AoT Approves Temporary Extension
Airports of Thailand (AoT) announced on June 20, 2025, a six-month extension for The Mall Group’s contract to manage commercial operations in Don Mueang Airport’s Terminal 2, effective from May 1 to October 31, 2025. The decision, approved by AoT’s board, ensures continuity while a new operator is selected, maintaining revenue flow at one of Thailand’s busiest domestic hubs.
Commercial Areas Under Management
Diverse Retail Offerings
The Mall Group oversees two key commercial zones on the third floor of Terminal 2. The first, spanning 952.33 square meters, features souvenirs, personal care products, medicines, lifestyle goods, jewelry, accessories, and books. This concession generates 20% of monthly gross revenue or a minimum of 7,320.50 baht per square meter, equating to 6.971 million baht monthly, whichever is higher, supporting AoT’s financial targets.
Food and Beverage Operations
Second Concession Details
The second area, covering 1,436.41 square meters, focuses on retail and food and beverage services. The Mall Group pays 15% of monthly gross revenue or a minimum of 12,097.83 baht per square meter, totaling 17.377 million baht monthly, whichever amount is greater. These terms ensure robust returns for AoT, reflecting Don Mueang’s high passenger traffic of over 20 million annually.
Bidding Process Underway
Terms of Reference Drafted
Paweena Chariyathitiphong, AoT’s acting president and senior executive vice president, stated that Terms of Reference (ToR) for selecting a new operator are being prepared. The process, though time-consuming, prioritizes transparency and efficiency to sustain commercial services. AoT has been directed to finalize the selection within the six-month extension, ensuring seamless operations at Terminal 2.
Economic Significance for AoT
Revenue Amid Industry Challenges
The extension comes as AoT navigates a 50% stock value drop in 2025, driven by tourism declines and operational hurdles. The Mall Group’s concessions, contributing millions monthly, are critical for stabilizing AoT’s finances. By maintaining high-revenue retail and dining options, Don Mueang supports Thailand’s tourism-driven economy, which accounts for 12% of GDP despite recent setbacks.
Future of Airport Retail
Competitive Bidding Ahead
The upcoming bidding process will likely attract major retailers, given Don Mueang’s strategic role as Thailand’s second-busiest airport. The new operator will need to match or exceed The Mall Group’s performance, enhancing passenger experiences with diverse offerings. AoT’s focus on expediting the selection underscores its commitment to modernizing airport services while maximizing economic benefits.
Strengthening Thailand’s Aviation Hub
Don Mueang’s Role in Growth
Don Mueang’s commercial operations are vital for reinforcing Thailand’s position as a regional aviation hub, serving low-cost carriers and domestic travelers. The Mall Group’s extended contract ensures continuity during a transitional period, maintaining traveler satisfaction. As AoT refines its bidding strategy, the airport is poised to elevate its retail and dining landscape, boosting Thailand’s appeal to global visitors.
