Press Release


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TWENTY NINE REASONS TO BOOK YOUR HOTEL STAY EARLY FOR THE 2009 FORMULA 1 SINGTEL SINGAPORE GRAND PRIX

Singapore, 7 July 2009 - Singapore GP is partnering twenty nine hotels to offer a greater degree of assurance through a Best Rate Guarantee system for visitors who are booking hotel rooms during the 2009 FORMULA 1 SINGTEL SINGAPORE GRAND PRIX.

The Best Rate Guarantee (BRG) scheme is a voluntary arrangement that promises to extend any last minute lower price deals to "early bird" customers. Under this scheme, guests who choose to book early with participating hotels will not lose out should there be any last minute room price drops during the race weekend (25-27 September). Customers who book now with participating hotels will be rewarded with the same discounts enjoyed by those who book at the last minute, should such discounts materialise.

The initiative is a result of feedback from corporate and general ticket-holders of the inaugural FORMULA 1 SINGTEL SINGAPORE GRAND PRIX last year.

Elaborating on the scheme, Mr Teo Hock Seng, Chairman of Singapore GP, said that the BRG is a "win-win" solution for participating hotels and their customers, with more hotels expected to join the scheme in the coming weeks.

"Hotels will be able to manage their inventory better with early confirmations, while visitors who want to come here to watch the race will also have a greater degree of confidence, instead of having to wait and see whether there will be any last minute price deals."

"Across the board this year, hotels in Singapore are already offering room rates that are 30-50% lower than during last year's inaugural FORMULA ONE race. This Best Rate Guarantee further demonstrates the commitment by Singapore hotels to provide spectators and visitors with even greater value-for-money during the race period this September, and we look forward to more hotels joining the scheme," said Ms Caroline Leong, Director, Hospitality Business, Singapore Tourism Board (STB).

As the specific terms and conditions differ from each hotel, visitors are invited to check directly with the 29 participating hotels, which range from economy to upper tier properties.

Information on the participating hotels as well as the 2009 FORMULA 1 SINGTEL SINGAPORE GRAND PRIX can be found at www.singaporegp.sg. The full list of hotels can also be found on the www.visitsingapore.com/sgpseason/hotel_rates.html hosted by the STB.

About the FORMULA 1™ SingTel Singapore Grand Prix

The inaugural FORMULA 1 SingTel Singapore Grand Prix took place on 28 September 2008 on a street circuit of public roads around the Marina Bay area. The race was the first FORMULA ONE to be held at night, and the first FORMULA ONE street race in Asia. Over 100,000 spectators, a sell-out, capacity crowd, and more than 110 million television viewers worldwide watched the Singapore Grand Prix. The 2009 FORMULA 1 SingTel Singapore Grand Prix will take place from 25-27 September 2009 at the Marina Bay Street Circuit in the heart of downtown Singapore.

About Singapore GP Pte Ltd

Singapore GP Pte Ltd is the race promoter for the FORMULA 1 SingTel Singapore Grand Prix. It holds five-year renewable rights to stage the Singapore Grand Prix, beginning with the 2008 Season. The company is a partnership between Komoco Motors and regional events company Lushington Entertainments, via its parent company Reef Enterprises.