Queenstown and Auckland Stars Performers in Hot NZ Market

Queenstown and Auckland were the star performers in a hot New Zealand accommodation market during 2017, according to analyst STR. Overall NZ hotel room revenue rose 12% through the year. Queenstown was up 15.3% followed closely by Auckland at 13.4% revenue growth.  The strong performance was driven by a buoyant tourism market and virtually no new rooms built. Overall NZ occupancy reached 80%.

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