To Advertise on this site Click Here!

Latest News!

> F1 extravaganza comes to Jamaica 04/05/08 > Anti-clockwise street circuit for F1`s first night race 28/04/08 > Driving on the F1 night track 25/04/08 > Motor racing-Karters beat F1 stars to Singapore circuit 19/04/08 > Revving up for the Formula 1 party 18/04/08 > F1: Digiflags to aid Formula 1 driver communication 16/04/08 > F1: 2008 Singapore - Formula 1 road works to complete 16/04/08 > Indonesian island to benefit from Singapore F1 race 10/04/08 > Qatar’s F1 dream can be a reality: Sir Jackie 09/04/08    More News

Indonesian island to benefit from Singapore F1 race 10/04/08 - tradingmarkets.com

JAKARTA, (Xinhua via COMTEX) - Indonesia's industrial island of Batam is predicted to earn revenues from global Formula one enthusiasts who cannot get hotel rooms in Singapore when the neighbor hosts the race in September.   Batam, located just 20km from the state city, may reap 20 million U.S. dollars in foreign exchange revenues from F1 spectators who choose to stay on the island before the race, as hotels in Singapore are likely unable to accommodate them all, leading economic daily Bisnis Indonesia reported Thursday.   An estimate of 13,000 people will be forced to seek hotels outside Singapore, including Batam and Malaysia's Johor. Batam offers some 9,000 hotel rooms of various classes, and they are certainly cheaper than those of Singapore and Malaysia, the daily said, quoting Batam chamber of commerce and industry chairman Johanes Kennedy. Apart from hotels, restaurants and accessories shops in Batam also will enjoy surging revenues during the event, he said. Singapore on Sept. 28 will for the first time ever hold the F1 race, which is also the first night race in the sport's history.   Related news:   y back to top

Shop

Merchandise

Community

Forum Polling Blog

Privacy Policy | Terms of Use and Disclaimer | Contact Us

Copyright © 2007 www.F1Singapore.com, All Rights Reserved Worldwide.