Karen Yue, Singapore (2009-02-10)
   
DESPITE the punishing economic situation and tighter corporate spending, Singapore Grand Prix has secured bookings for 30 per cent of their Club and Sky corporate suites from existing clients who were given the opportunity to rebook thei..." />
 
Thursday . June 20 . 2019
         
 
Share |
Singapore GP secures bookings despite higher prices
 
Karen Yue, Singapore (2009-02-10)
   
DESPITE the punishing economic situation and tighter corporate spending, Singapore Grand Prix has secured bookings for 30 per cent of their Club and Sky corporate suites from existing clients who were given the opportunity to rebook their preferred suites early.

These bookings came just days after Singapore GP opened some of its corporate suites for sale on February 2.

There is also a waiting list for the prestigious Paddock Club although it is now priced at S$8,000 (US$5,342) per person for a three-day pass, up S$500 from 2008 when the F1 race first came to Singapore.

Prices for corporate suites at the popular Pit Straight, which sits across the Pit Building, Turns and Stamford, have also gone up. These suites will now cost between S$5,000 to S$7,000 per person, compared to last year's rates of S$3,000 to S$6,500.
Singapore GP has received much flak from various media for its decision to raise prices for its corporate suites this year when most companies are faced with tighter budgets.

However, that is just “half the story told”, said a Singapore GP spokesman.
The race promoter has introduced a new lower-priced option with The Green Room at Turn 3 for S$3,388.

It will also provide corporate clients added value through greater customisation options, enhanced menus and improved live entertainment within the various corporate locations.

The spokesman said Singapore GP would work with clients to make the most out of their available budget, adding as the race circuit was a temporary one, Singapore GP had the flexibility to build-to-order corporate facilities based on market conditions.

“We will continue to monitor the sales patterns and increase or decrease the balance of lower- and higher-priced packages depending on demand.”
 
Print Top Stories
 
RATE THIS ARTICLE
Poor 1 2 3 4 5 Good
 
COMMENTS
No comment for this article.
 
  POST YOUR COMMENT  
       
  Name:  
Email Address:
Location:
  Comment:  
  Enter the code shown: