London hotels saw revenue per available room (revpar) drop by 18% in the week ending 2 November, according to figures from hospitality research company STR Global.
Revpar fell to £104.28, down from £127.17 during the equivalent week of 2007.
Occupancy decreased by 11.14 percentage points to 77.22% while average room rate fell by 6.17% to £135.05 compared with £143.93 in the corresponding week of 2007.
Scroll down for previous London performance figures.
STR Global was created by the merger of hospitality research companies Smith Travel Research (STR), Deloitte's HotelBenchmark and The Bench.
It offers hotel research to clients that include hotel operators, developers, financiers and analysts, providing regular and custom reports covering more than 35,000 hotels in 1,300 global markets.
As well as global hotel performance data, STR Global tracks a variety of Profitability, Pipeline and Census data covering all aspects of the industry.
London hotel performance in October, 2008The week ending 26 October, 2008 >>
London hotel performance in previous years
Source: STR Global