According to online booking agent hotels.com, Queenstown NZ has shown the third biggest drop in hotel prices world wide.
The online companies hotel price index showed Queenstown’s accommodation prices for the three months ending December recorded an average price reduction of 35% from the same period the year before (year on year figures).
Globally for the same period hotel prices have dropped an average of 12%. Queenstown large drop can be attributed mainly from an oversupply as previously discussed in Queenstown – post-mortem of a Disaster
Tags: Queenstown accommodation