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King Power eyes hotel industry in UK

Sep 26. 2019
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By Somluck Srimalee
The Nation

4,328 Viewed

Duty-free giant King Power Group is looking into entering the hospitality business in the United Kingdom, now that property prices in Europe and UK are dropping due to the global slowdown, the group’s chief executive officer Aiyawatt Srivaddhanaprabha told the press on Wednesday (September 25).

 

“Our deal will be finalised next year or in 2021,” he said, adding that King Power will continue focusing on the duty-free business in Thailand.

He added that though Thailand’s economy has shown slight growth, King Power has still been hurt by a slump in the number of tourists.

However, the company has continued maintaining its Creating Shared Value (CSV) budget at Bt200 million annually by focusing on music, sports and communities. 

“We have continued organising CSV activities to support community products to export via our football team Leicester City. This will help them maintain sustainable income for a long time,” he said. “We want to improve the quality of life for Thai communities and people.” 

The company is also supporting Thai footballers by given them a chance to train with Leicester City under the Fox Hunt campaign. Since 2017, 52 Thai footballers have been trained under the programme.

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