Incentives, rate cuts offered in bid to boost take-up.
Some hotels such as Grand Copthorne Waterfront extended a promotion offering their lowest rates over the race weekend.
Less tickets sold this year
Hotels are not the only ones struggling to draw customers. Race organiser Singapore Grand Prix has sold only 73 per cent of the available grandstand and walkabout tickets, compared to over 95 per cent by this time last year.
WITH less than a month to go before engines start revving for Singapore’s second Formula One race, hotels here are banking on last-minute bookings to fill their many empty rooms.
A Straits Times check with 30 hotels showed at least 25 reporting a worse showing this year compared to that in the same period last year. Continue reading →
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