Merlin Entertainments, the owner of Madame Tussauds and Alton Towers, has laid bare the impact of last summer's terror attacks in London.
In a trading update covering 2017, the group said it saw a 17% plunge in visitors to its London attractions - which include the London Eye and the London Dungeons - after attacks took place during its critical trading period.
This led to a 5% fall in operating profit at Merlin's Midway division last year to £152 million, with like-for-like revenue dipping 1.2%.
Merlin confirmed that it will now shift investment from Midway, which includes Madame Tussauds and Sea Life.
It will redirect £100 million of investment away from its attractions between 2018 and 2021, putting the cash into developing new hotels instead.