In a strategic move to boost revenue from non-aviation sources, Airports of Thailand Plc (AoT) has announced the availability of a plot of land near Chiang Mai International Airport for commercial leasing.

The initiative was confirmed by Ronnakorn Chalermsanyakorn, the general manager of the airport, highlighting the allocation of 19 rai across three plots situated along the road to Hang Dong.

The selected land is positioned as an attractive opportunity for developers due to its proximity to the airport.

On Thursday, AoT organized a road show to allow interested developers to inspect the plots, providing them with insights into the potential business opportunities available in the area.

This development forms part of AoT’s broader strategy, which involves leasing out several vacant plots situated near six of its airports.

The intention is to create additional revenue streams beyond traditional aviation-related activities, which have faced fluctuations due to external factors affecting travel and tourism.

The strategic focus on non-aviation revenue underscores a shift within the airport sector, with many authorities exploring ways to maximize the value of their assets through commercial ventures.

This approach is crucial as airports globally seek stability and sustainability in their financial performance, especially in the aftermath of the COVID-19 pandemic which severely impacted air travel and airport operations worldwide.