A stay during the entire three-day race will cost visitors an average of S$305. The daily hotel rate for the whole month of September is S$240.
SINGAPORE – Hotel prices for the 2014 Formula 1 Singapore Airlines Singapore Grand Prix happening from 19 to 21 September 2014 have surged 75% week-on-week, according to data from travel site www.trivago.sg.
The final race night, Sunday, 21 September, proves to be the most expensive at an average of S$ 326. This is up 75% from the previous Sunday’s price of S$186. The cheapest night to book is on Saturday, 20 September, at an average of S$294.
A stay during the entire three-day race will cost visitors an average of S$305. The daily hotel rate for the whole month of September is S$240.
trivago spokesperson Haryati Afendy said: “Despite this considerable jump in prices, the silver lining is that race fans will be paying lesser compared to the same F1 period last year, when rates averaged a steeper S$381. The augmented supply of budget and mid-tier hotels this year may have cooled down price hikes fuelled by mega-events such as this.”
| Day | Av.Price Weekend of 12-14 Sep | Av.Price F1 Weekend of 19-21 Sep | Percentage Increase |
| Friday | S$186 | S$295 | 58% |
| Saturday | S$188 | S$294 | 56% |
| Sunday | S$286 | S$326 | 75% |
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
