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London Hotel Room Rates Crash By £10

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Hotel room rates in London have crashed in the last year, with more price cuts likely over the coming months, report industry experts.

Number crunchers at PricewaterhouseCoopers have suggested that, since the beginning of 2009, average room rates have fallen by 8.1 per cent, or about £10 a room.

But even that big fall might be undercooking things, as a survey by Hotels.com has London hotel prices crashing by 12 per cent in just the first six months of 2009.

However, is is good news for people who want to stay over in London.

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