Singapore rooms surge past US$2,000 a night as bankers hit F1

FILE PHOTO: People wearing face masks pass the Marina Bay Sands hotel during the COVID19 outbreak, in Singapore

SINGAPORE: Dealmakers tired of years of Covid-19 restrictions are converging on Singapore for the year’s biggest investment conferences and Formula One (F1) – a massive party-in-the-making that’s helping push hotel rates to unprecedented heights.

Over the next 30 days, the affluent island nation plays host to a slew of conferences including the SuperReturn summit, which is charging delegates US$4,000 (RM18,122), then F1 – the first after a two-year hiatus.