Monday, January 21, 2008

Hotel Rooms during SingaporeF1 race period going fast

For Those planning to spend a few days holiday in Singapore, i'd better warn You, please start saving now and get that Credit card ready... RATES of $1,000 a night and higher have not deterred Formula 1 fans from snapping up trackside hotel rooms for the inaugural Singapore Grand Prix.

Hotels ranging from the glitzy Ritz-Carlton Millennia Singapore to the Peninsula-Excelsior Hotel are already fully booked for the Sept 26 to 28 race. This is despite significantly higher than normal room rates of over $1,000 per night for the Ritz (about a 100 per cent increase) and $300 for the Peninsula (about a 50 per cent increase).

Two other hotels - Swissotel The Stamford and Pan Pacific Singapore - anticipate a 100 per cent occupancy rate.

One reason for the higher rates is that the Government will be imposing a special hotel tax on total room revenue from Sept 24 to 28 - the week of the race.

The tax will range from 30 per cent - for the 11 trackside hotels - to 20 per cent for all other hotels and a minimum 3-5 nights stay will also be imposed - Sorry Guys No one nite Stand -

Trackside hotels such as Marina Mandarin ($1,500 per night) and Fairmont Singapore ($1,830) are still entertaining bookings.

The Fullerton has yet to confirm rates, but will place those interested on a wait-list.

The high take-up rate is not confined to trackside hotels.

The Four Seasons, along Orchard Boulevard, also managed to sell out all of its rooms from Sept 20 to 28.

The race will be held on Sept 28. Qualifying sessions begin on Sept 27.

Tourists are expected to form a significant portion of the 100,000 fans expected for the grand prix, and they are expected to spend around $100 million on hotels, and at food and beverage outlets, nightspots and the like.

Corporate hospitality packages ranging from $3,500 to $7,500 per head have also been selling well. These were put on the market by race organisers Singapore GP in November.

A Singapore GP spokesman declined comment, but it is believed that suites in areas such as the pit area and exclusive Paddock Club are close to being sold out.

In the Meantime eager F1 fans are still waiting for the release of normal tickets...


********* According to this morning newspapers, organisers have said they will tentatively release general admissions tickets after the upcoming Chinese New Year **********


Tsui Wee said...

Hi can I have your approval to use this pic of singapore night skyline for Singapore Cricket Club rugby sevens 2010 magazine?

Bruno said...

Sure, go ahead ! just put a small footnote stating my blog as the origin of the picture. Thank you.