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F1 weekend a bonanza for hospitality plays

Hospitality trusts are riding a strong recovery in international travel, but they have delivered varied returns to investors

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Ben Paul

Ben Paul

Published Mon, Sep 11, 2023 · 05:00 AM
    • The 2023 Singapore Grand Prix is not expected to match last year's record turnout of 302,000 spectators, but it is taking place amid a recovery in international travel that has boosted the profitability of many hotel owners.
    • The 2023 Singapore Grand Prix is not expected to match last year's record turnout of 302,000 spectators, but it is taking place amid a recovery in international travel that has boosted the profitability of many hotel owners. PHOTO: MOTORSPORT IMAGES

    IF YOU have a last-minute urge to immerse yourself in the Singapore Formula 1 (F1) Grand Prix this weekend by checking into a hotel close to the race circuit, the Fairmont Singapore might be able to accommodate you in a 484-square-foot (sq ft) room with a balcony – from upwards of S$1,405 per night.

    Alternatively, the Pan Pacific Singapore is quoting S$1,580 per night for a 495 sq ft room under its “Singapore Night Race Track-facing Offer”.

    If you really have money to burn, you could get a Premier Suite at the Ritz-Carlton Millenia at a “special event rate” of S$4,800 per night.

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