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Singapore F1 attendance down, but hotel takings may still exceed 2022 levels

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Paige Lim

Paige Lim

Published Tue, Sep 12, 2023 · 03:40 PM
    • Hotels near the downtown race circuit generally expect their F1 takings to exceed pre-Covid levels, and possibly those of 2022.
    • Hotels near the downtown race circuit generally expect their F1 takings to exceed pre-Covid levels, and possibly those of 2022. PHOTO: BT FILE

    ATTENDANCE may be down, but takings could still rise at this year’s Singapore Formula 1 (F1) Grand Prix, with tourism players and observers expecting receipts to exceed at least pre-Covid levels – if not those of 2022.

    About 250,000 spectators are expected at the three-day night race, which takes place from Friday (Sep 15) to Sunday. This is down 17 per cent from 2022’s record turnout of 302,000 attendees, as the Bay Grandstand is closed for the redevelopment of The Float at Marina Bay.

    Yet, industry observers and players expect this year’s takings to be boosted by the resumption in travel, as borders have fully reopened.

    F1Singapore SMEsTourismHotelsHospitalitySpotlight

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