Paymark has reported up to a 72-percent drop in spending on year-ago levels since the nation went into level-4 lockdown.

Spokesman Paul Brislen says tourism companies and hotels are feeling it most..

>> More Business News

Other Business News

13 Nov: The Reserve Bank's welcoming changes to improve competition

13 Nov: Net migration has turned a slight corner -- but is still historically low

13 Nov: Associate Education Minister David Seymour's blaming strike action for poor school attendance

13 Nov: The Commerce Commission is still weighing up whether to allow banks and major retailers to negotiate as a group with Armourguard, the country's only cash transit service

13 Nov: One of the final slices of real estate in Christchurch's Cathedral Square is on the market

13 Nov: Visitors to Aoraki Mt Cook will face daily parking rates of 25 dollars under a new pricing plan

12 Nov: Shares in Transport and logistics company Mainfreight have rallied today, despite the company posting an 18.5 percent drop in first-half profit

Top Stories

RUGBY
International hockey is inbound for Dunedin this summer More...

BUSINESS
The Reserve Bank's welcoming changes to improve competition More...

Today's News

Entertainment:
Michelle Obama avoided talking about fashion during her time in the White House 15:42

Politics:
US House votes to reopen federal government after longest shutdown in history 15:27

Motoring:
The record seven-time Supercars champion Jamie Whincup won't return to the Supercars grid in 2026...with the Triple Eight managing director replacing himself as a team co-driver 15:27

Entertainment:
Jason Kelce has launched the barbecue-inspired fragrance Slow Burn 15:12

Cricket:
The Black Caps will be chasing just 141 to beat the West Indies in the 5th T20 in Dunedin 15:07

Business:
The Reserve Bank's welcoming changes to improve competition 14:57

Entertainment:
Dame Judi Dench's eyesight is so bad that she can't watch TV or stage shows 14:42

Entertainment:
Sir Anthony Hopkins "never had any idea" that he was an alcoholic 14:12

Technology:
Emails reveal former prince Andrew talked to Jeffrey Epstein long after claiming he cut contact 14:07

Soccer:
Christchurch United have appointed Albert Riera as their new Head Coach for the 2026 Southern League and National League campaigns 14:07

News Search

Power Search