London hotels saw revenue per available room (revpar) fall by 11.91% in the week ending 14 September, according to figures from hospitality research company STR Global.
Revpar fell to £118.42, down from £134.42 during the equivalent week of 2007.
Occupancy decreased by 6.24 percentage points to 82.44% while average room rate dropped by 5.23% to £143.63 compared with £151.57 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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