Whangamata has been named as the top summer holiday destination for Kiwis, according to the holiday home booking website Bookabach. It's the fifth consecutive year that the hot holiday spot has topped the list.

Lake Wanaka retained its number two position on the list, while Whitianga, Taupo Central, Raglan and Oneroa all slipped one spot compared to last year.

Average rental prices have increased by 5% to $326 per night with the average rising to $440 per night in Queenstown and Waiheke Island's Onetangi and Oneroa.

“Holidaymakers, probably many of them Aucklanders, were happy to pay an average of $466 per night for a place at Oneroa to get away from the city during the Christmas and New Year break,” says Bookabach CEO Peter Miles.

“The fact that Queenstown and Onetangi were also the locations with the biggest boost in popularity compared to last year, despite the higher prices, shows that Kiwis are certainly not afraid to splurge a little when it comes to getting the perfect summer getaway,” he said.

The rankings are based on the total number of nights booked via Bookabach.co.nz between 1 December 2012 and 11 January 2013.

Bookabach.co.nz's top ten summer destinations:

1. Whangamata
2. Lake Wanaka
3. Mangawhai Heads
4. Whitianga
5. Mt Maunganui
6. Taupo Central
7. Raglan
8. Queenstown
9. Onetangi, Waiheke
10. Oneroa, Waiheke

What's your favourite NZ holiday spot? Have your say below.