F1 Hotel Levy For 2010 To Remain at Four Nights

Singapore, 30 June 2010 – The 2010 Formula One™ (F1) levy on hotel room revenues remains at four-nights.

The F1 hotel levy will take effect from Thursday, 23 September 2010 to Sunday, 26 September 2010. Rates for the F1 levy on hotel room revenues in 2010 remain unchanged from 2009 and 2008. The rates are:

(i) 30 per cent of the total revenues from rooms and room packages for trackside
hotels; and

(ii) 20 per cent of the total revenues from rooms and room packages for all other tourist hotels.

This year, the inclusion of Marina Bay Sands Hotel and The Fullerton Bay Hotel brings the total number of trackside hotels to 15, making available some 10,000 rooms for the 2010 race. The hotels are:

a. Carlton Hotel
b. Conrad Centennial Singapore
c. Fairmont Singapore
d. Grand Park City Hall
e. Mandarin Oriental, Singapore
f. Marina Bay Sands Hotel
g. Marina Mandarin
h. Naumi
i. Peninsula Excelsior Hotel
j. Raffles Hotel
k. Swissotel The Stamford, Singapore
l. The Fullerton Bay Hotel
m. The Fullerton Hotel
n. The Pan Pacific Hotel, Singapore
o. The Ritz-Carlton Millennia, Singapore
 

Tourist hotels include all gazetted hotels. New gazetted hotels will also be subjected to the F1 levy.