October 02, 2022, 04:41 PM
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The 2022 edition of the Formula 1 Singapore Grand Prix has set a new attendance record.
After being cancelled for the last two years due to the Covid-19 pandemic, over 302,000 spectators attended this year's race over three days, according to the Ministry of Trade and Industry (MTI).
About 49 per cent of attendees were foreign visitors, while hotel performance has exceeded the 2019 and 2018's events, with average daily rates expected to rise above S$440.
The Straits Times reported, that the previous record attendance of 300,000 was set in 2008 during the country's inaugural race.
In January this year, the Singapore Tourism Board and the Singapore Grand Prix announced a new seven-year deal which will see the country continue to host Formula 1 at least until 2028.
According to MTI, the race has generated S$1.5 billion in incremental tourism receipts since 2008.
Top image from the Singapore Grand Prix's Facebook and Instagram page
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