Singapore hotels revved up by inaugural F1
SINGAPORE – Hotels in Singapore reported spectacular results over the weekend of the inaugural SingTel Singapore Formula 1 Grand Prix.
A review of hotel performance by Deloitte shows that revenue per available room (revPAR) on the final day of the event rose 376.4% to US$570.
Occupancy reached 87.9%, the best performing day during the month of September, while average room rates increased just short of 300% to US$648.
The two days leading up to the main race also reported strong occupancy and average room rates as the city saw an influx of visitors.
Predictions that the sky-high rates being demanded by hotels would deter many potential Grand Prix visitors appear to have been ill founded.
The room rates were boosted because hotels in the vicinity of the race were slugged with an extra government tax.
The Singapore Grand Prix marked the first night race in the history of Formula 1.
Ian Jarrett
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Strike action set to cause travel chaos at Brussels airports
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent