Tuesday, March 31, 2009

Queenstown hotel prices drop like a stone

Big bad news for Queenstown. Might have a silver lining if you are looking for somewhere up-market to stay... well... winter is coming.

Hotel prices have fallen 35% in Queenstown from a year ago. That the 3rd biggest fall in hotel prices anywhere in the world!

What does it mean?

Less money (income) - less jobs, less downstream and feeder businesses, less local economy, less completion of the big hotel projects. More Ngai Tahu unemployed.

1 comment:

Patrick Douglas said...

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