We spent an enjoyable few hours walking this trail from the Hilton back to town, after being dropped off by the water taxi.
The water taxi makes this an enjoyable and scenic start to the walk, and if you want, you can grab a coffee or snack at the Hilton before the short walk to the bridge over the Kawarau River.
Pause here to watch the jetboats, then simpy follow the lake back to town.
The Boatshed Cafe at the marina is a good spot for lunch, and make sure you keep looking back, as the views of the Remarkables are superb.
There's not a lot of shade on this walk, so bring a hat, and there's also sections where you can be quite exposed to the wind, if it's a blustery day.
This is not the most spectacular walk you will do, but it's flat, easy, has some lovely views, and can also be done with a bike.