Hotels up to speed with Singapore Grand Prix, prices rise 75%

Find out the differing rates within the three days.

Race fans should brace themselves as hotel prices are set to increase during the F1 weekend.

Travel site trivago’s latest findings on hotel price developments for the 2014 Singapore Grand Prix reveals that rates for the entire three-day event average $305 compared to last year’s average of $381.

According to trivago, the daily hotel rate for the whole month of September is $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.”