Hotel prices are surging as the Formula 1 Grand Prix weekend draws near. Held from Sep. 20 to 22 this year, the annual event, which draws crowds from all around the globe, has caused demand to spike.
Hotels near the city’s F1 circuit, such as Marina Bay Sands and Fullerton Bay, are either fully booked or charging significantly higher prices than usual. According to an article by Lianhe Zaobao , hotel prices were as high as S$15,000 for a three-night stay. Mothership did an online search on Sep.
5, 2024 for various hotels along the F1 Grand Prix circuit in the city centre. We looked at prices for travelers who would fly into Singapore a day prior to the event and leave a day after, for a 5D4N stay from Sep. 19 to Sep.
23, 2024. Here’s what we found: Popular hotels Marina Bay Sands and Fullerton Bay Hotel were unavailable for booking from Sep. 20 to 22, while a single night’s stay on Sep 19.
would cost S$2,148 as opposed to the usual price range of S$800 to S$1,000. A stay at the Pan Pacific hotel from Sep. 19 to 23 is priced at a rate of S$1,625 per night.
Screenshot via Pan Pacific Singapore's booking site Screenshot via Pan Pacific Singapore's booking site A similar room booked a week later, from Sep. 26 to 30, is going at a rate of S$399.50 per night — less than a third of its price during the F1 week.
Meanwhile, at Swissôtel The Stamford Singapore, standard rooms over the F1 weekend will cost around S$6,460 for a 5D4N stay, while staying in a similar room — wit.