Queenstown Lakes

Queenstown Lakes District Council is proposing to increase development contributions by almost 4%.

NZ Super Fund jv NZ Hotel Holdings sells the two hotels as it continues to reduce its exposure to tourism.

One of New Zealand’s most photographed landmarks has been listed for sale, so what makes the 162-year-old Cardrona Hotel unique and why is it a superb hospitality opportunity for a buyer?

It is also spending about $10m on the final two stages of a programme to seismically strengthen the structure of the terminal.

Queenstown and Nelson/Marlborough lead revenue growth across the country’s hotel sector in March.

Queenstown is the only major hotel market to consistently track above lat year’s performance during the start of autumn, according to figures from STR.

Good occupancy over the summer and even better room rates have given Queenstown’s hotels a decent bump in revenue, according to figures from STR.

Queenstown Lakes District Council offloads the final block of its commonage land to an undisclosed buyer.

The consultancy’s latest analysis shows the sector enjoying modest but encouraging growth over the peak season.

There were 33,600 new homes consented in Aotearoa New Zealand in the year ended December 2024.

The agent says international destinations like Queenstown and Rotorua fared well in 2024 but domestic-driven centres like Auckland and Wellington suffered.

Queenstown hit a new room rate record on New Year’s Eve with the average daily rate topping $672.66 on 31 December 2024, according to figures from STR.