Hobbit Returning to New Zealand Finds Middle Earth Now Expensive

Hobbit Returning to New Zealand Finds Middle Earth Now Expensive

Mark Coote/Bloomberg

Houses on the Kelvin Peninsula of Lake Wakatipu are dwarfed by the Eyre Mountains in Queenstown, New Zealand. Tourism is the nation’s second-largest earner after dairy products, contributing NZ$9.7 billion, or 17 percent of total exports in the year through March 2011, according to Statistics New Zealand.