London hotels saw revenue per available room (revpar) slump by 18.6% in the week ending 16 April, according to figures from hotel benchmarking service The Bench.
Revpar fell to £70.49, down from £86.55 during the equivalent week last year.
Occupancy slipped by 1.6 percentage points to 75.31% while average room rate dropped by 16.8% to £93.67, down from £112.62 in the corresponding week of 2005.
Click here to see more weekly performance figures for London hotels and monthly figures for the provinces on The Bench pages in the CatererSearch Trends and Data section.
By Angela Frewin