In October last year, Singapore’s three-day Formula One (F1) Grand Prix showcased the tremendous economic impact that world-class sporting events can bring to a city. The event attracted more than 300,000 attendees, the second highest in its history. Since Singapore began hosting F1, the races have drawn more than 720,000 international visitors and generated about S$2.2 billion (US$1.7 billion) in tourism revenue, underscoring their significant contribution to the local tourism industry. In...