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Singapore Rooms Surge Past $2,000 a Night as Bankers Head for F1

  • SuperReturn, Formula One revival make a rare combination
  • The Singapore party-in-the-making comes as global markets tank
The Marina Bay Sands in Singapore.

The Marina Bay Sands in Singapore.

Photographer: Ore Huiying/Bloomberg

Deal-makers tired of years of Covid restrictions are converging on Singapore for the year’s biggest investment conferences and Formula 1 -- 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 $4,000, then Formula One -- the first after a two-year hiatus. It’s an ideal setting for a celebration for the well-heeled, after years of punishing pandemic restrictions and dismal markets have taken their toll.