A major tourism company has announced it will freeze pay rates for its 700 staff.
Tourism Holdings Limited said the freeze of the base wage and salaries at current levels for the next year is a result of the current tough economic climate.
The company's chief executive, Grant Webster, says next summer is unlikely to be any better for the tourism sector than the past summer.
He says the uncertainty means the company cannot guarantee it will restore pay rises next year, but is able to assure staff it is not looking at any job cuts and the firm's funding and balance sheet is strong.
Among the operations owned by Tourism Holdings are the Maui and Britz motorhome rental companies and the Waitomo Glowworm Caves.
