Queenstown
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Overview
Annual Rev
NZ$109.3k
12 mo avg
↑6%
from prior 12 mo
Occupancy rate
50%
12 mo avg
↓3%
from prior 12 mo
Avg daily rate
NZ$527
12 mo avg
↑11%
from prior 12 mo
Lead time
54 days
12 mo avg
↓2 days
from prior 12 mo
Revpar
NZ$225
12 mo avg
↓5%
from prior 12 mo
Methodology note: Figures reflect Queenstown market data as of September 2026. Data covers Airbnb, VRBO, and Booking.com listings. Values are seasonally influenced; rounding applied for readability.
Revenue per listing by bedroom
Bedroom count:
0
1
2
3
4+
Short-term rental supply growth
Performance metrics by bedroom
Bedrooms
Annual Rev
Supply
Revenue boost by amenity
| Amenity | Listings With | Revenue Boost | Revenue With | Revenue Without |
|---|---|---|---|---|
| Sauna | — | +$75,727 | — | — |
| Hot Tub | 🔒 7•• (••%) | 🔒 +$7•••• (+••%) | 🔒 $1••••• | 🔒 $1••••• |
| Pool | 🔒 1•• (•%) | 🔒 +$3•••• (+••%) | 🔒 $1••••• | 🔒 $1••••• |
| Barbecue | 🔒 1••• (••%) | 🔒 +$2•••• (+••%) | 🔒 $1••••• | 🔒 $1••••• |
| Gym | 🔒 1•• (•%) | 🔒 +$2•••• (+••%) | 🔒 $1••••• | 🔒 $1••••• |
| Lake Access | 🔒 5•• (••%) | 🔒 +$1•••• (+••%) | 🔒 $1••••• | 🔒 $1••••• |
| Pets Allowed | 🔒 1••• (••%) | 🔒 +$7•• (+•%) | 🔒 $1••••• | 🔒 $1••••• |
Nightly rate by day of week
Occupancy rate by day of week
Listings by channel
Listings by rental type
Listings by amenities
Listings by size
4+ bedrooms (0%)
Listings by availability
Length of stay by bedroom
4+ bedrooms (4.1 nights)
3 bedrooms (4.1 nights)
2 bedrooms (3.8 nights)
1 bedroom (3.4 nights)
Cleaning fee by bedroom
4+ bedrooms (NZ$205)
3 bedrooms (NZ$137)
2 bedrooms (NZ$95)
1 bedroom (NZ$49)
Professional host share
Professionally managed (85%)
Independent hosts (15%)
Over the 12 months ending August 2026, the Queenstown market averaged 4,121 active Airbnb and VRBO listings, up 6% from a year earlier and up 17% over two years.
An average Queenstown listing earns NZ$111K/year. High-performing listings earn NZ$226K, while low-performing listings earn NZ$47K.
Average occupancy in Queenstown is 52%, producing RevPAR of NZ$225 per available night.
4+ bedroom listings generate the highest average annual revenue in Queenstown, at NZ$169K.
Rules vary across Queenstown. Queenstown: Moderate. Resource consent required for non-hosted STRs in residential zones, 28-day minimum stays in some areas. Enforcement increasing with complaints but many operate without consent. Wanaka: Moderate. Similar to Queenstown - resource consent needed, 28-day minimums in residential zones. Growing enforcement but compliance gaps exist. Arrowtown: Moderate. Part of Queenstown-Lakes District, same rules apply. Resource consent required, heritage overlay adds complexity. Moderate enforcement, complaint-driven. Verify requirements for the property's jurisdiction.
The Queenstown Airbnb and VRBO market appears broadly balanced. Supply has grown 6% year-over-year, while RevPAR has increased 21%, showing no clear supply-demand imbalance.
RevPAR is highest in February and July; it is lowest in May and October.
The most common amenities are Kitchen (97%), Internet (96%), TV (96%). The strongest positive revenue associations are Washing Machine (+104%), TV (+59%), Hot Tub (+56%).
Average daily rate in Queenstown is NZ$587, up 14% year-over-year. Rates peak in December and are lowest in May.
Guests in Queenstown book an average of 54 days in advance, up 2% from last year. Booking windows range from 46 days for 1-bedroom listings to 65 days for 4+ bedroom listings.
Booking demand is highest on Saturday and lowest on Monday. Nightly rates peak on Friday and are lowest on Tuesday. Weekend occupancy is 8% higher than weekday occupancy.