The hospitality sector is bracing for the economic fallout from the coronavirus outbreak

Leaders of the sector have "significant concerns" over how far-reaching the impacts will be on dining, accommodation and wider tourism operators.

Accommodation operators have already begun to report a flurry of booking cancellations by Chinese tourists.

While food and beverage operators are reporting "significant drops" in the number of people using Alipay - predominantly used by Chinese tourists.

Hospitality NZ chief executive Julie White says they and Tourism NZ are in the early stages of working to seek financial cover from the Government for operators affected.