Each year, millions upon millions flock to the island city-state that is Singapore. That's why tourism is one of the major industries in the country. Consequently, the hotel industry also thrives in Singapore-thanks to a healthy mix of opportunities for business and pleasure that abound in the country. One particular weekend that heats up the Singapore hotel scene is the weekend when the world's premier motor sport event, Formula One, comes to town for the Singapore Grand Prix.

With the distinction of being the only night-time race in the 18 Grands Prix of F1-including being the first ever night-time race in F1 history-the Singapore Grand Prix is truly a unique spectacle. Once raceday weekend starts, expect all of the hotels in the vicinity of the Marina Bay area to be fully booked.

Since the Singapore Grand Prix is a city race, many hotels that are along the designated race circuit can provide a great overlooking view of the race. It's like getting both a room and a ticket to see the fast-paced F1 action. Having rooms with balconies that face the circuit can prove to be difficult to obtain, but one should be able to find an adequate vantage point with a little research and some inquiries at the hotels themselves.

Good luck getting any last-minute cancellations, although they do happen once in a while. But with millions of fans flocking to the event, especially from around Asia, the Singapore Grand Prix is one of the most accessible F1 races. That's why the organizers always do their best to partner with local hotels in the vicinity to afford guests and fans with discounts and deals.

This year, there are already 29 hotels that are affiliated with the Singapore Grand Prix, and all have signed on for a Best Rate Guarantee system. Under this new setup, fans who book early won't have to be envious of any few people who will be getting last-minute deals. That's because any price drops during the weekend of the race will be applied across the board, meaning everyone-not just the ones who booked last-minute accommodations-will enjoy the discounted rates. The organizers are expecting more hotels to be affiliated under the Guarantee banner.

Organizers of the race have stated that the Best Rate Guarantee scheme came to be thanks to the feedback of ticket holders from last year's Singapore Grand Prix. Both corporate patrons and general attendees chipped in on the feedback, allowing organizers to come up with a setup that will be beneficial to both attendees and establishments around the Marina Bay area.

The Singapore Grand Prix will be held from September 25 through September 27. With a little over a month to go before one of the most exciting and one of the most stunning races in Formula One, those who are planning to attend should be lining up for reservations right now. Even with the possibility of getting last-minute rooms, there's nothing like booking early to avoid any mishaps.

Book now, and see you in Singapore-right when the F1 drivers rev up their V8 engines and the five red lights go off on the grid!