Queenstown is a resort town in Otago in the south-west of New Zealand's South Island. It is built around an inlet called Queenstown Bay on Lake Wakatipu, a long thin Z-shaped lake formed by glacial processes, and has spectacular views of nearby mountains. There are various apocryphal accounts of how the town was named, the most popular suggesting that a local gold digger exclaimed that the town was "fit for Queen Victoria". It is now known for its commerce-oriented tourism, especially adventure and ski tourism. It is popular with young international and New Zealand travellers alike.