How regional New Zealand is set to get a tourism boost? | NZ Market Update

  • May 23, 2020 NZST
  • Team Kalkine

Regional New Zealand is set to get a tourism boost on Queen's Birthday Weekend after Air New Zealand announced it will operate 100 additional flights to and from regional ports. There will be extra flights between May 28 and June 2. Air New Zealand general manager networks Scott Carr said there had been additional demand for travel over the upcoming long weekend.

Facebook employees will have the option to permanently work from home, but can expect a pay cut if they move to less expensive areas to continue the job. Facebook CEO Mark Zuckerberg announced via livestream that he expects about 50 per cent of the company's 50,000 staffers to work remotely within the next five to 10 years.

Car-rental giant Hertz filed for bankruptcy Friday night after it was unable to reach an agreement with its biggest lenders, Hertz filed for Chapter 11 protections in the U.S. Bankruptcy Court in Wilmington, Delaware, making it one of the largest corporate casualties of the coronavirus pandemic’s widespread economic fallout as travel restrictions decimate the rental car industry.

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