Auckland International Airport plans to develop a hotel within 12 months, as it increases non-aeronautical revenue to help pay for new runways and terminals.

The airport has set aside 180ha for developments including an expanded business park. The company expects to develop a four-or five-star hotel close to its international terminal and a lower-rated hotel nearby.

"We get strong cashflows out of our non-aeronautical business activities and that certainly helps us fund our aeronautical investment," said chief executive officer Don Huse....