News

Queenstown’s Record First Quarter

By Nina Jensen

Queenstown has hit record guest nights for the first quarter of 2015 with a total of 919,103 guest nights for the period of January – March 2015, according to the Statistics New Zealand’s Commercial Accommodation Monitor (CAM) released today.

Following a year of steady growth in visitor nights, the start of 2015 is continuing the trend with the first quarter up 4.8% over the same period in 2014, representing a total growth in guest nights of 41,687, and figures for March 2015 indicating a growth of 7.5%, an increase of 20,168 guest nights.

For the year ending March 2015, Queenstown’s total guest nights rose by 8.7% with both international and domestic visitor guest nights increasing.  The average length of stay also increased from 2.63 to 2.72 nights and total occupancy growing from 56.8% to 61.9%.

Destination Queenstown CEO Graham Budd said the record first quarter supported positive anecdotal reports from local operators.

“These have confirmed our expectations that the summer season saw significantly increased international visitor numbers from our key markets, while domestic popularity for Queenstown is only slightly down against the prior year after several years of strong growth.  Occupancy rates are well up and yield is also improving which is really positive for business profitability and re-investment.”

“Not only have commercial accommodation properties benefitted from visitor growth however, as the business benefits have been widespread and most operators have reported a very good summer.  The latest Regional Tourism Indicator (RTI) figures also suggest an international  expenditure increase of  between 17%-25% over these summer months which continues a really positive trend of being well ahead of volume of growth for the same period,” Mr Budd says.

This growth is inline with Queenstown Airport’s expansion which has seen new routes and increased capacity over the last 12 months,  and Queenstown’s worldwide reputation as a four season resort.

May 2015

Source:  Destination Queenstown

Up to Date

Latest News

  • Ray White Celebrates 25 Years

    The Ray White Group held a combined annual recognition evening along with celebrating 25 years of operation in the New Zealand real estate industry. Close to 1,000 members joined together at Auckland’s Spark Arena to look back on the 25 years and to celebrate the success the Group has achieved. The evening started with … Read more

    Read Full Post

  • The White Paper – April 2018

    There’s been a lot of talk about the market easing and our headline sales are down two per cent year on year across Australia and New Zealand – but we still sold more than $3.67 billion worth of property in April 2018. Overall listings numbers are up but the buyer … Read more

    Read Full Post