SINGAPORE - Hotels expect booming business when the Singapore Grand Prix (SGP) zooms into town later this month.
The Ritz-Carlton, Swissotel The Stamford and Mandarin Oriental are anticipating a full house during the Sept 20 to 22 event despite higher room prices, even as others roll out new packages and fringe activities to cash in on the sixth year of the event.
Pan Pacific Singapore, for instance, has a new room package, starting from $3,199, which includes SGP tickets and a shuttle service to the shopping district and the race track. This and another package offering rooms with panoramic views at $1,100 a night have proven a hit.
"A good proportion (of the 790 rooms) has already been snapped up and we have managed to secure more group business this year as compared to the last two years," said public relations manager Nathalyn Fong.
From 2008 to 2011, the first four races here generated over $560 million in incremental tourism receipts, according to the Singapore Tourism Board.
Last year, Singapore inked a second five-year deal, starting from this edition, with Formula 1.
A SGP spokesman said 90 per cent of tickets have already been sold for this year's race, which features concerts headlined by Canadian teen sensation Justin Bieber and Grammy Award-winning singer Rihanna.
Overseas visitors have again accounted for most of the hotel bookings this time, showing that the race's position in the tourism calendar remains solid.