That should be pretty clear, given that the choices are between 1) no tourism economy or domestic economy and 2) no tourism economy.
Instead of overseas visitors spending in NZ and rich NZ'ers spending their tourist dollars overseas .... the richer NZ'ers are spending locally.
Turns out not as different as the doomsayers predicted.
The long version could add in the damage to things like cafes, restaurants etc with Covid. Dark times.