The iconic Singapore Airlines Singapore Grand Prix F1 marks a strong
signal of the city's return as a host of world-class events, bringing a
slew of race-themed experiences, high-profile MICE events as well as
high spenders over the Grand Prix weekend (30 September to 2 October).
being confirmed only in January this year, this year's event saw its
biggest spectator turnout since the first night race in 2008, with
ticket sales surpassing that of the 2019 race, which drew a three-day
total of 268,000 spectators.
Rooms at hotels near the street circuit area such as The
Ritz-Carlton, Millenia Singapore and Mandarin Oriental, Singapore were
booked out for the race or reported high occupancy rates.
Restaurants, bars and entertainment venues, especially those with a
view of the track, reported roaring business during the F1 week.
Corporate entities, likewise, are entertaining clients at hotel suites
and aboard yacht charters.
Many high-profile MICE events also took place during the F1 period,
among them the debut of Asia Crypto Week (26 September to 2 October) in
Singapore. The two-day crypto conference, called Token2049, concluded
with a closing party at the Marina Bay Sands Rooftop and the F1
Singapore Grand Prix.
Other high-profile MICE events include the inaugural edition of the
Time100 Leadership Forum, which will be held at National Gallery
Singapore on 2 October and will feature speakers such as former Google
chief executive Eric Schmidt.
Other major MICE events such as the 20th Forbes Global CEO Conference
(26-27 September) and the ninth annual Milken Institute Asia Summit
(28-30 September) have also returned to Singapore this week, taking
place at The Ritz-Carlton, Millenia Singapore and Four Seasons Hotel
The Temasek Foundation's Philanthropy Asia Summit, meanwhile, took place at Shangri-La Singapore on 30 September.
Some 90,000 delegates were expected to attend the 25 MICE events held during the same period as the F1 race.
The only night race on F1's calendar, the Singapore Grand Prix has
generating over S$1.5 billion (US$1 billion) in incremental tourism
receipts for the country and attracted over 550,000 unique international
visitors since its debut.