United Kingdom
United States
Asia Pacific
A room with a Formula One view – for US$20,000
SINGAPORE – A hotel room with a view of Singapore’s first Formula One Grand Prix race fetched a top bid of $S30,000 (US$20,800) in a charity auction this week.
The unidentified bidder will be able to stay at the Pan Pacific Hotel September 26-28 during next year’s night-time F1 street race.
The government will slap trackside hotels with a 30 percent levy during the event and not everyone is happy about skyrocketing hotel rates during F1.
As reported in TravelMole Asia, a prominent Australian wholesaler said he would not be taking any of his large incentive groups to the Singapore race next year.
He blames greed on the part of the Lion City’s hotels.
“Rates have gone way beyond what most large corporate groups can afford,” he told TravelMole. “A $400 room today will be $1200 during the Grand Prix,” he said.
“And when I complain to the hotels, they tell me, ‘There’s not much we can do because the government is taking 30 percent of the room rate’.”
In October, Singapore’s gazetted hotels were estimated to generate $S178.4 million in room revenue, representing an increase of 37.1 percent over October 2006. This set an all-time record for hotel room revenue.
The Average Room Rate (ARR) in October 2007 was estimated at S$219, representing an increase of 33.9 percent over October 2006 and setting a new record for ARR in any given month.
The Average Occupancy Rate for hotels was estimated to have reached 89 percent in October 2007, posting a 1.8 percentage point increase over October 2006.
-by Ian Jarrett
Ian Jarrett
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’