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Tourism revenue rises as Singapore combines Formula 1 with business events

CNBC ·

  1. 1More than 40 business events in Singapore were held overlapping with the Formula 1 Grand Prix period this year.
  2. 2Between its debut in 2008 and 2024, Formula 1 has generated more than 2.2 billion Singapore dollars (1.72 billion dollars) in additional tourism revenue.
  3. 3Marina Bay Sands stated that hotels operated near full capacity during the Formula 1 period.

So what's the key point?

More than 40 business events were held during the Singapore Formula 1 period. Tourism revenue increased enough that Marina Bay Sands hotels were nearly full.

Source CNBC · View original ↗

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