Queenstown, the self-proclaimed "Adventure Capital of the World", has, without a doubt, earned this title. The birthplace of bungy jumping, and home to all manner of adrenaline pumping activities, from luge and jet-boating to canyon swinging, attracts thousands of adventure lovers every year. Set on the edge of the giant Lake Wakatipu, in the Otago region, this intimate town transforms itself into a buzzing ski resort during winter, thanks to its two appealing ski-fields that suit sport lovers of any abilities.