SINGAPORE - After witnessing a climb in attendance last year, and raking in more than $1.4 billion in tourism receipts since 2008, Singapore will continue to host a Formula One race as long as"the price is right" and there is"a nett positive in terms of benefits to Singapore", Senior Minister of State for Trade and Industry and Education Chee Hong Tat said on Saturday .
"F1 has been a very successful event for Singapore. It is one of our key tourism highlights. This is an important way for us to continue to make our tourism industry vibrant, by bringing in world-class events, and attracting tourists to come. Since the first race, there have been about half a million international visitors to attend the race here.
Twenty3, a new hospitality suite featuring Michelin-starred cuisine, was rolled out last year, while a new grandstand and entertainment venue in Empress Place, and single-day Premier Walkabout tickets were introduced in 2017.