That’s right. Paris for $40 per night. The travel economy has followed the global economy lock in step. In some European cities, the cost to stay in a hostel is down 50% from a decade ago. Sound incredible? Well, yes it really is. If you can travel on a no-frills budget and do without some of the higher end creature comforts, hostels are still the way to go.
A typical hostel stay for 6 days costs $40 US x 6 = $240
A 3 star hotel might cost $75 US per night x 6 = $450
Savings: $210 !
Here are some additional sources for the latest on trends in hostel prices: