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$200 plus a night needed for hotel rooms before new development feasible

Developers won't build new hotels until room rates justify sky-rocketing land and build costs.

Sally Lindsay
Mon, 09 May 2016

Hotel room rates will need to hit more than $200 a night before new developments rise from the ground.

Although many regions have hit double-digit growth in room rates, translating to big profit margins and significant increases in property values, only Queenstown has hit an average daily rate of

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Sally Lindsay
Mon, 09 May 2016
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$200 plus a night needed for hotel rooms before new development feasible
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