It's often said that Hong Kong is an expensive city, with accommodation making the biggest hole in any travelers' budget. There again, any hotel marketing manager would rather see beds full than empty, and will adjust rates accordingly. But apart from keeping an eye open for good deals, it's also worth knowing that some hotels in Hong Kong have long been known for having consistently good rates all year round. Bishop Lei in Mid Levels is a sterling example, as is BP International House in Tsim Sha Tsui, which has the added advantage of being right next to Kowloon Park. And there can be few better located inexpensive hotels than the YMCA, which is a short hike from Star Ferry and the Avenue of Stars and slap bang next to The Peninsula, one of the plushest hotels in the world with rates to match. Yet the YMCA offers beds at prices that wouldn't get you a cup of coffee and a croissant next door!
There are some new stars on the budget scene as well. Check out Espace in Tai O – one of Hong Kong's most remote fishing villages – or Y-Loft, a neat take on the traditional hostel. Wherever you end up, it's nice to go to bed knowing that you'll wake in the morning only a little poorer!