Millennium & Copthorne Hotels New Zealand Limited announced that it has closed all its restaurants and bars on March 23, 2020 as soon as the announcement by the Government was made to increase the COVID-19 Alert Level to Level 3.

On 18 March, the company forecasted that the level of hotel revenue loss for the first half of 2020 would be approximately NZD 24 million. With the closure of some of its hotels from tomorrow, this figure will certainly increase and it is now almost certain that MCK's hotel operations for both the first and second half of 2020 will trade at a loss.