Oh my goodness, you aren't kidding about the chart. Talk about a steady and sustained downtrend. That's ugly !!
Word on the street in Queenstown in September was there's lots of spare capacity. Tourism numbers just not the same growth anymore, not even close but heaps of new capacity has been built and still is being built. I got a lovely, almost brand new, hotel room in Frankton for under $150 a night. Hmmmm...wonder how much money there is in that and I wonder what the occupancy rate is like in the shoulder season ?
Reply With Quote
Bookmarks