Hotel 81 charging $350 a night during F1 season
inSing.com Editor
inSing.com - 19 hrs 3 mins ago
It seems that even budget hotels are cashing in on the action happening during this upcoming F1 weekend.
Rooms at budget hotel chain Hotel 81, especially at its Bencoolen and Bugis branches, are going for about $350 per night—more than twice the normal $159--during this F1 weekend, as reported by The Straits Times.
Hotel 81’s Chu Poh Yong explains, “The rooms at Bugis and Bencoolen are very near the track. Bookings came quickly just a few weeks ago. We may have been the second choice for many visitors.”
Room rates normally go up islandwide during this period as hoteliers have to par a Formula One tax. Hotels located near the track pay 30 per cent of each room they fill while those off-track only fork out 20 per cent.
inSing.com Editor
inSing.com - 19 hrs 3 mins ago
It seems that even budget hotels are cashing in on the action happening during this upcoming F1 weekend.
Rooms at budget hotel chain Hotel 81, especially at its Bencoolen and Bugis branches, are going for about $350 per night—more than twice the normal $159--during this F1 weekend, as reported by The Straits Times.
Hotel 81’s Chu Poh Yong explains, “The rooms at Bugis and Bencoolen are very near the track. Bookings came quickly just a few weeks ago. We may have been the second choice for many visitors.”
Room rates normally go up islandwide during this period as hoteliers have to par a Formula One tax. Hotels located near the track pay 30 per cent of each room they fill while those off-track only fork out 20 per cent.