Let KAYAK do the searching
Based on KAYAK hotel searches, the most popular destination is Queenstown (98% of total searches to Lake Wakatipu). The next most popular destinations are Glenorchy (1%) and Lower Shotover (0%). Searches for hotels in Frankton (0%) are also popular.
KAYAK users have found double rooms in Lake Wakatipu for as cheap as £20 (Queenstown) in the last 3 days. The average price is £309.