Facebook Pixel Business winners and losers of Singapore's Fl race | The Straits Times - newspaper - इस कहानी को Magzter.com पर पढ़ें

कोशिश गोल्ड - मुक्त

Business winners and losers of Singapore's Fl race

The Straits Times

|

October 01, 2025

Event spells bonanza for hotels and creates jobs but some shops lament loss of revenue

It's just days before the roar of the engines will be heard in Singapore.

As the city transforms its streets into the famed Marina Bay Street Circuit ahead of this weekend's Formula One Grand Prix, a familiar buzz of anticipation is building.

This is the 16th edition of the annual night race, and it has grown to become more than just a sporting event. Other side activities such as concerts and showcases of local cuisine have turned the race into a beacon for international tourism.

Who are the winners and losers of this mega annual event? The Business Times takes a closer look.

WINNERS

HOSPITALITY SURGE

Hotels across the island have recorded a surge in demand ahead of the weekend.

As at mid-September, islandwide hotel occupancies on the books ahead of the F1 weekend hit more than 70 per cent, data from hotel industry research firm STR indicated.

Major players are seeing occupancy levels that eclipse a typical weekend, with Pan Pacific Hotels Group (PPHG) forecasting that its trackside properties will reach between 90 and 100 per cent occupancy.

And despite being the 16th edition of the race, it seems to be growing in popularity, as PPHG, Fairmont Singapore, Swissotel The Stamford, and Hilton hotels report that their bookings are tracking significantly higher than a typical non-race weekend and ahead of this time in 2024.

In line with this surge in demand, the hotels have seen a healthy increase in both their average daily rates (ADR) and revenue per available room (RevPAR).

Based on STR records of past year performances in 2023 and 2024 for the month of September, Fl generally stimulates an uptick in RevPAR by around 100 per cent.

This means that on an average day of the Fl week, hotels make around double the money per room compared with an average day in the rest of the month.

The Straits Times

यह कहानी The Straits Times के October 01, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

क्या आप पहले से ही ग्राहक हैं?

The Straits Times से और कहानियाँ

The Straits Times

The Straits Times

GUARDIOLA NOT A FAN OF SET PIECES

City boss adapts to them, but says it would be boring if all teams played the same way

time to read

3 mins

March 04, 2026

The Straits Times

Appeals court denies Trump bid to delay tariff refund lawsuits

A US federal appeals court on March 2 rejected President Donald Trump’s push to delay legal proceedings linked to tariff refunds, allowing the battle to proceed in a lower court.

time to read

2 mins

March 04, 2026

The Straits Times

The Straits Times

Champs China made to labour by Bangladesh

China kicked off their Women’s Asian Cup title defence with a battling 2-0 win over resilient tournament debutantes Bangladesh in Group B on March 3, courtesy of goals from Wang Shuang and Zhang Rui.

time to read

2 mins

March 04, 2026

The Straits Times

NEW NAMES AND OLD RIVALRIES ON TRACK

Get up to speed on the upcoming Fl season with five things to look out for this weekend

time to read

3 mins

March 04, 2026

The Straits Times

'Pray we make it through the night': Iran's capital under siege

Rows of apartment buildings near collapse.

time to read

4 mins

March 04, 2026

The Straits Times

K-pop label Ador holding Singapore audition for new boy band

Do you have what it takes to be a K-pop idol?

time to read

1 min

March 04, 2026

The Straits Times

The Straits Times

Some worry about topical steroid withdrawal, but doctors say this is rare under medical supervision

Steroid-containing creams are commonly prescribed by doctors to treat inflammatory skin conditions such as eczema and psoriasis.

time to read

6 mins

March 04, 2026

The Straits Times

The Straits Times

China's overstretched healthcare system looks to AI boom

Digital doubles of medical experts answer questions but cannot prescribe medication

time to read

3 mins

March 04, 2026

The Straits Times

Free access to premium AI tools with selected SkillsFuture courses

Singaporeans who take up selected SkillsFuture artificial intelligence courses will receive six months of free access to premium AI tools from the second half of 2026.

time to read

1 mins

March 04, 2026

The Straits Times

Clinton says Trump told him he had 'some great times' with Epstein

Former US president Bill Clinton told lawmakers that President Donald Trump told him he had “some great times” with convicted sex offender Jeffrey Epstein before their relationship soured, according to a video released on March 2.

time to read

2 mins

March 04, 2026

Listen

Translate

Share

-
+

Change font size