In Brief: Singapore hotels posted record monthly rates and revenue per available room in October 2026, according to preliminary CoStar data.
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Singapore Grand Prix Drives Hotel Rates and Revenue to Record Highs – Image Credit Unsplash
Formula 1 helped drive Singapore’s hotel market to record monthly average daily rates and revenue per available room in October 2026, according to preliminary data from property analytics provider CoStar.
The average daily rate rose 5.3% from a year earlier to SGD400.74, while revenue per available room increased 8.1% to SGD340.49. Occupancy reached 85%, up 2.6% year over year and the highest October level since 2019.
During Grand Prix weekend, the average daily rate reached SGD818.88 and revenue per available room climbed to SGD711.09 on Saturday, Oct. 10. Both were the highest daily levels recorded in Singapore since Formula 1’s inaugural night race in 2008.
The month’s highest occupancy rate came on Oct. 2, when 94.4% of rooms were filled as ballots opened for the Formula 1 Pit Lane Experience. That night, the average daily rate was SGD370.81. Occupancy remained above 80% on all but six nights during the month.