The tournament took place in Rotorua over the weekend, the second year it has been played in the Bay of Plenty, after 10 years in Queenstown.
The two years at Rotorua have seen low crowds and little atmosphere at Rotorua International Stadium, with games shared between two grounds.
That is in contrast to Queenstown, which constantly attracted packed crowds and a fun atmosphere.
The tournament last weekend in Rotorua was labelled a success by some optimistic organisers but it struggled to capture the imagination of the Rotorua public and terraces not filled.
Rotorua won the right to host the tournament for two years in 2014 and 2015 and had a right of renewal for another two years.
With support from the Rotorua District Council and the Bay of Plenty Regional Council, the event appears to be staying in Rotorua for the next couple of years.
No-one returned calls from the Bay of Plenty Rugby union yesterday but Queenstown organisers have accepted the tournament would not return to the resort in the foreseeable future.
Sevens with Altitude operations manager Brad Patterson, of Queenstown, said there had been no discussion among the group about getting the event back to Queenstown.
''We're not hopeful of it returning to Queenstown. There was a tender process a few years ago where we put in a tender and, unfortunately, did not get picked,'' he said.
''The event was really well supported here and it became something people really looked forward to in the new year.
''But we went through a fair tender process and lost out.''
The sevens tournament was revitalised when Queenstown first hosted it in 2004 and it continued to get big crowds over the years the resort staged it.
The event raised more than $100,000 for local charities.
''We worked pretty hard to put on a good event and then we lost the right to host it, which was unfortunate.''
The organisers did not go to Queenstown Lakes District Council for financial assistance, he said.
There were no plans to hold a smaller South Island tournament in Queenstown.
Otago players Matt Faddes and Josh Gordon have been included in a sevens training camp in Mount Maunganui this week along with team-mates Tony Ensor and Fa'asiu Fuatai, who are nationally contracted players.
