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Hot Topic EARNINGS
Property
4 mins to read

Greenback fillip for hotel sector, as Queenstown rooms break $500

Americans are taking advantage of a favourable exchange rate with NZ.

American tourists have provided a punch to hotel revenues.

The strength of the US dollar and big spending Americans helped jolt the tourism market back to life through New Zealand's summer holidays, with top-tier Queenstown hotels hitting a record $512-per-night in January.

That reflects room rates across the city's 4.5 and 5 star hotels, up a quarter on

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Brent Melville Mon, 17 Feb 2025
Contact the Writer: bmelville@nbr.co.nz
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Greenback fillip for hotel sector, as Queenstown rooms break $500
Property,
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