London hotels saw revenue per available room (revpar) drop by 11.27% in the week ending 12 October, according to figures from hospitality research company STR Global.
Revpar fell to £117.02, down from £131.89 during the equivalent week of 2007.
Occupancy decreased by 7.9 percentage points to 82.29% while average room rate declined by 2.75% to £142.20 compared with £146.23 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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