London hotels saw revenue per available room (revpar) drop by 9.86% in the week ending 9 November, according to figures from hospitality research company STR Global.
Revpar fell to £108.73, down from £120.62 during the equivalent week of 2007.
Occupancy decreased by 4.97 percentage points to 78.96% while average room rate fell by 4.19% to £137.69 compared with £143.71 in the corresponding week of 2007.
STR Global is a new company formed from the merger of leading hospitality research firms Smith Travel Research (STR), Deloitte's HotelBenchmark and The Bench.
By Angela Frewin
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