But they claim there is still a shortage of parks during the peak tourist season, and want the Queenstown Lakes District Council to provide a long-term solution.
The association's lease of an Industrial Pl site appears to have taken the heat out of a dispute between drivers and the council over who is responsible for providing adequate coach parking in the resort.
It comes three weeks after drivers' spokesman Rod Griffiths threatened to bring the central business district to a standstill with a mass blockade of key roads.
DowntownQT town centre manager Steve Wilde, who is mediating in the dispute, said the leased land would provide parking for about 30 coaches.
The council had also produced a leaflet for drivers that showed all approved overnight parks in the resort.
"We've taken it as far as we can go at this point.
"If any bus driver is arriving in this town and says there isn't a park, he's blind.''
A meeting between council, association and hotel representatives would be held in about two months' time to discuss a long-term solution, he said.
Council regulatory manager Lee Webster said overnight parking appeared to be the "last straw'' in driver frustration with a range of issues relating to the legislation they worked under.
Those issues included speeding, rest times and driving hours.
The council, bus companies, hotels and drivers all had to play their part in addressing those frustrations, Mr Webster said.
That included drivers using the council-approved parks that were available, even if it required them to walk a short distance.
The council's Boundary Rd car park, which had 20 spaces for coaches, was "fairly empty every night'', he said.
He provided the Otago Daily Times with a new leaflet for drivers showing 42 spaces for overnight coach parking between 7pm and 8am or longer.
That compared with the council's last such leaflet in 2007, which showed 40 spaces.
Mr Griffiths said drivers appreciated the association's move to provide more parking, but it was only a gesture.
"It will alleviate the problem, but it won't solve it. It's short-term, and it's not enough.''
He laid blame for the situation on the council's planning department, which for the past 15 years had consented hotel developments without requiring adequate coach parking.
Spaces in the council's Boundary Rd car park were poorly laid out, which meant there was room for only about eight coaches, not the 20 claimed by the council.
Mr Webster said the district plan required hotels to provide coach parking based on a formula relating to their size.
"Our compliance staff will be reviewing consents that have been issued over the years and working with hotels to see whether the number of on-site bus parks matches the consent conditions.''
