Queenstown hotel revenues hit $309, sector back to pre-pandemic levels

Daily rates for hotels such as Queenstown's Sofitel have spiked to more than $350. (Image: Accor)

Mon, 18 Mar 2024

Room asking rates in the Queenstown Lakes district continued to lead the country, hitting average revenue per available room, or RevPar, of $309 last month, on an average daily rate of $352.That's up a third in RevPar terms – with 88% of its 4,748 available rooms filled during February – on the comparable month's $232. On a pre-covid comparison, average revenues during February 2019 in the resort area were $292, from 93% occupancy, according to the latest data from Hotel Data New Zealand.Wellington accommodation provide...

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