Hospitality Property Fund (HPF) was let down by a lack of business travel as a result of a weak economy, fears about xenophobia and a lack of government conferences in the first half of its financial year, with its income payouts shrinking in the period.

The group said government restrictions on spending on conferencing in the lead-up to the general election in May had resulted in a drop-off in bookings.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.