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.
Here’s an example of how much you can save in Paris, France:
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: