CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Singapore expects good business as F1 comes to town

09-21-2011 11:05 BJT

SINGAPORE, Sept. 21 (Xinhua) -- The Grand Prix Formula One race coming to town this weekend was expected to bring good business to Singapore, reported local media.

The Singapore Tourism Board said it expected the race to bring in incremental tourism receipts of about 100 million Singapore dollars this year (79.4 million U.S. dollars), a gauge of the direct result of the event.

The race pulled in 160 million Singapore dollars (127.04 million U.S. dollars) in incremental tourism receipts last year and 98 million Singapore dollars (77.81 million U.S. dollars) in 2009.

This year's more modest projection perhaps reflected a more uncertain outlook for the global economy and weaker consumer demand and global travel, local daily Straits Times said.

Many conferences were typically held in conjunction with the F1 race.

The Singapore Grand Prix said on Tuesday evening that 98 percent of the tickets had been sold.

A double-dip recession will likely be far from the minds of those attending the lavish parties of the F1 race.

Local Chinese daily Lianhe Zaobao said on Wednesday that the Japanese office of the Singapore Tourism Board were offering a high-end five-day tour worth as much as 30,000 Singapore dollars that brings visitors to watch the events and stay at the hotel of the casino resorts Marina Bay Sands.

Related stories

Editor:Yang Jie |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program