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Singapore’s Grand Prix Boosts Hotel Industry to Record Highs – Image Credit Unsplash+
- Singapore’s hotel sector experienced unprecedented growth in October, driven by the Formula 1 Grand Prix.
- Key performance metrics, including occupancy, ADR, and RevPAR, reached all-time highs.
Singapore’s hotel industry experienced a remarkable surge in October, as the Formula 1 Grand Prix drew a wave of visitors, driving hotel rates to record highs. According to preliminary data from CoStar, a leader in real estate analytics, the city-state’s hotels achieved their highest-ever monthly average daily rate (ADR) and revenue per available room (RevPAR).
In October 2025, Singapore’s hotel occupancy soared to 82.8%, marking a 6.5% increase compared to the previous year. The ADR climbed by 19.5% to SGD384.15, while RevPAR saw a significant rise of 27.3% to SGD317.96. These figures represent the highest levels for an October since 2019.
The pinnacle of this growth was observed on Friday, October 3rd, when occupancy reached an impressive 95.9%, with the ADR and RevPAR skyrocketing to SGD757.62 and SGD726.47, respectively. This surpassed the figures from last year’s race weekend, which took place in September, demonstrating the event’s increasing allure.
Throughout the month, Singapore maintained strong occupancy rates, consistently staying above 70% on all but one night, October 20th, when the rate dipped to 68.1%. This performance highlights the robust demand for accommodation during the Grand Prix, further solidifying Singapore’s position as a premier destination for international events.
