Highlight from NZ Inc Shanghai research trip

NZ Inc was blown away when shown through ‘Banyan Tree on the Bund’  – a terrific six-star hotel towards the mouth of the Huangpo River – during a recent research trip to China.  The developer is Pengxin better known in Shanghai as a real estate developer than as the buyer of the Crafar farms.

Pengxin chairman Jiang Zhaobai reckons New Zealand could do with a couple of “Banyan Tree” style hotels. Jiang is actively investigating doing just that: developing six-star hotels in Queenstown and Taupo to capture the high-net worth Chinese travel market.

Can’t help thinking the Minister of Tourism would agree!