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CNBC

Singapore's Formula One race boosts tourism beyond its borders

CNBC · Just In
CNBC
CNBC
Just In

Flight bookings indicate that long-haul travelers are coupling Singapore's F1 night race with trips to Japan, Thailand, and Indonesia, namely Bali, among other countries in the region.

Breakdown
  • Singapore's Grand Prix boosts business for both luxury and small local enterprises.
  • Tourism revenue from the race has exceeded $1.5 billion since 2008. 38s
  • International visitors often combine the race with trips to other Asia-Pacific destinations. 1m 18s
  • Data shows similar tourism spillover from other regional F1 races, such as in Melbourne and Suzuka. 2m 9s
  • Media exposure from the race further promotes Singapore and the region as travel destinations. 2m 56s
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