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Airports of Thailand – Beneficiary of Thailand’s tourism recovery
By Beansprout  •  May 29, 2023
Airports of Thailand (AOT) operates six major airports in Thailand, and is expected to benefit from the recovery of tourist arrivals in Thailand. TL;DR
  • Airports of Thailand (AOT) operates six major airports in Thailand, including the Suvarnabhumi Airport (BKK) and Don Mueang International Airport (DMK) in Bangkok. Across its airports, AOT accounts for over 80% of Thailand’s air traffic. 
  • AOT generated 32% of its revenue from departure passenger service charges (PSC) across both international and domestic flights in FY2022. With the re-opening of international borders, revenue from PSC soared to THB 8.3 billion in the first half of FY2023 from THB 1.2 billion in the previous year. 
  • Despite the recovery, AOT’s passenger volume remains more than 30% below pre-COVID levels. Further tourist arrival growth is expected with the return of Chinese tourists, which represent about 33% of total arrivals in 2019. 
  • AOT’s capacity is expected to grow further from 2023, as the development of
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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