Choosing where to stay is one of the most significant decisions you’ll face when planning a trip. Accommodation can significantly impact your travel experience and budget. With various options available, it’s essential to understand the differences, costs, and what you’ll get for your money.
Cost Overview
The overall cost of different accommodations will vary depending on where you’re visiting and the amenities they offer. Here’s a rough breakdown of each accommodation type.
Hostels
Hostels are known for being the most budget-friendly option, especially for solo travelers or those who don’t mind sharing spaces and making friends.
They often offer dormitory-style rooms with bunk beds, but private rooms are also available in many hostels. Hostel beds in Eastern Europe begin at about $15 per night and $30 per night in Western Europe.
Bed prices will also vary based on where you stay and the exchange rate. For instance, a night at a hostel in Thailand will cost significantly less than one in the middle of Copenhagen.
Hotels
Hotels offer a range of comfort levels, from budget chains to more luxury accommodations. They’re a go-to choice for travelers seeking privacy, comfort, and reliable services.
For example, the average hotel in London costs around €198 per night — or over $200 — much higher than other big European cities like Rome or Paris.
Airbnb
Airbnb also offers a variety of accommodations, from shared rooms to entire homes or apartments. This platform allows travelers to experience a destination more like a local, often with unique and personalized stays. Airbnb rates depend entirely on the accommodation type, size, and the city you visit.
In 2021, the average price for an Airbnb in Africa and Europe was $84 and $114 per night, respectively. However, Airbnbs in North America were ranked the most expensive, costing travelers an average of $208 per night.
While costs differ greatly among accommodation types, it’s essential to consider what kind of trip you’re after and what amenities are important to you.
Eating and Drinking
Food and drinks are significant costs when traveling. Each accommodation type has different food-related expenses, which you’ll need to factor into your planning.
Hostels
Hostels typically provide communal kitchens where guests can cook their meals, making it a great budget-friendly food option. Cooking your meals allows you to save substantially compared to dining out.
Some hostels also offer complimentary breakfast or affordable meals, reducing your food expenses. However, if you prefer not to cook, you’ll need to factor in the cost of eating out, which can vary widely depending on your destination.
Hotels
Hotels usually offer more limited self-catering options. While some budget hotels might include a small kitchenette, most won’t, meaning you’ll likely rely on restaurants, room service, or the hotel’s dining facilities.
Many hotels include breakfast in their room rate, especially at mid-range and luxury hotels, which can help offset some food costs. However, dining at the hotel for other meals can be pricey, particularly in high-end establishments.
Airbnb
Airbnb accommodations often have full kitchens, especially when renting an entire apartment or home.
This setup allows you to shop for groceries and cook your meals, which can lead to significant savings, especially for longer stays.
Additionally, staying in a local neighborhood often means you have access to local markets and grocery stores, which can enhance your travel experience while keeping food costs relatively low.
However, if your Airbnb lacks a kitchen or you choose a shared room, you may rely on takeout or dining out, similar to staying in a hotel.
Getting Around
Transport is often a hidden cost many people overlook when booking accommodation. Where you stay can significantly impact how much you spend on getting around, so it’s essential to consider location and accessibility.
Hostels
Hostels are often located in central areas or near popular attractions, making it easy to explore on foot or by using public transport. This can save you money on transport costs, especially in cities where taxis and ride-sharing services can add up quickly.
One advantage of hostels is their proximity to public transit hubs, as many cater to budget travelers who prioritize affordable and convenient transport options. However, if you choose a hostel a bit further out to save on accommodation costs, you may need to budget for additional transport expenses.
Hotels
Hotels typically occupy prime locations, such as city centers, business districts or near major tourist attractions. While this can reduce your transport costs since you’re often within walking distance of key sites, hotels in these areas tend to come with a hefty price tag.
Conversely, affordable hotels might be located further from the city center, necessitating public transport or taxis, which can quickly increase your daily expenses.
Airbnb
Airbnb properties vary widely in terms of location. You might find a cozy apartment in the heart of the city or a peaceful home in the suburbs. The location of your Airbnb will drastically influence your transport costs.
If you stay in a central area — like with hotels — you may find yourself walking more and spending less on getting around.
However, if you choose a more remote or residential Airbnb to experience local life or save on accommodation costs, you’ll need to factor in the expense and time of commuting to major attractions or city centers.
The Size of Your Travel Party
The size of your travel group can heavily influence which option is most cost-effective and comfortable. Each accommodation type offers unique benefits and challenges depending on whether you travel solo, as a couple, with family, or in a larger group.
Hostels
Hostels are traditionally favored by solo travelers or small groups of friends looking to save money. Dorm-style rooms usually have the lowest cost per person, making them an economical choice for those who don’t mind sharing space with strangers.
However, for larger groups, hostels become less practical. Booking multiple beds in a dorm can sometimes mean your group is split up. Private rooms in hostels — though available — may not accommodate large groups comfortably.
Private suites also cost significantly more, often making it more worthwhile to opt for a low-cost hotel or Airbnb. Moreover, the communal nature of hostels might not provide the privacy or space families or larger groups usually prefer.
Hotels
Hotels are well-suited for couples and small families. Many hotel rooms are designed for two to four guests, and they often offer amenities like extra beds or interconnected rooms for families.
For larger groups, booking multiple hotel rooms can become expensive, especially in nicer hotels.
However, the convenience, services, amenities and consistent quality hotels provide might justify the higher cost, especially for those who value privacy and comfort. Larger hotels might also offer suites or adjoining rooms that can accommodate groups, but this typically comes at a premium price.
Airbnb
Airbnb shines as the most flexible option for groups of all sizes. Whether you’re a couple looking for a romantic studio or a large family seeking a spacious house, Airbnb has a range of properties to suit your needs.
For larger groups, renting an entire home or apartment can be more cost-effective than booking multiple hotel rooms. It also provides the benefit of communal spaces like living rooms and kitchens where everyone can gather.
Additionally, Airbnb allows for more unique stays, which can enhance your trip. However, it’s essential to consider the potential trade-offs such as less reliable service and difficulty organizing transport, especially in less touristy areas where properties may be more spread out.
Length of Your Stay
It’s vital to consider the duration of your trip. The length of your stay will determine which option provides the best value and experience.
Hostels
Hostels are great for short to medium-length stays, particularly if you plan to keep costs low. Many tourists choose hostels for brief city visits or while backpacking through multiple destinations, as the reasonable rates make them an attractive option for short-term stays.
However, for longer stays, the communal nature like shared bathrooms and less privacy, can become tiring. While some hostels offer discounts for extended stays, the lack of personal space may not be comfortable for a long-term stay.
Hotels
Hotels typically cater to short-term visitors, such as weekend travelers or those on business trips, who prioritize comfort and convenience. The daily housekeeping, on-site dining, and other amenities make hotels particularly appealing for shorter stays, where you might want to relax rather than manage daily chores.
However, for extended stays, hotels can become prohibitively expensive.
Even with long-term discounts, the cost can add up quickly. For example, one night at the Four Seasons in Paris costs upwards of $4,000, making even a single-night stay unfeasible for most. There are more reasonable options, but most nice hotels will set you back a fair amount.
Additionally, the lack of kitchen facilities in most hotels means you’ll likely dine out frequently, which can increase your spending. Some hotels may offer extended stay packages or specialized long-term accommodations, such as serviced apartments, but these are typically priced higher than alternatives like Airbnb.
However, if you book a hotel well in advance, you’ll end up paying less than trying to secure a last-minute reservation.
Airbnb
Airbnb is often the most advantageous option for longer stays, especially if you want to feel like you’re at a home away from home.
Renting an entire house or apartment through this platform provides the comfort and amenities you’re used to, such as a full kitchen, laundry facilities, and living spaces, making extended stays much more comfortable and cost-effective.
Many hosts offer massive discounts for weekly or monthly stays, making it a smart choice for travelers on long trips.
The flexibility of an Airbnb, where you can settle into a neighborhood and live like a local, is appealing for longer stays. However, it’s important to consider factors like cleaning schedules and host interactions when committing to a long-term rental.
Safety and Security
Safety and security are crucial considerations when selecting a place to stay. Feeling safe during your travels can put you at ease and make for a more enjoyable trip.
Hostels
Hostels generally provide a safe environment, particularly in well-known, reputable establishments. Many hostels have security measures in place, like keycard access, lockers for personal belongings, and 24-hour front desk service.
However, sharing rooms with strangers can introduce some risks. It’s essential to use the provided lockers for valuables and avoid leaving personal items, like your wallet or passport, lying around. The level of security can vary significantly depending on the hostel and the country you stay in, so reading reviews and researching the hostel’s reputation before booking is critical.
Hotels
Hotels typically offer the highest levels of security among the three options. With features like 24-hour reception, security personnel, CCTV, and secure keycard access to rooms and facilities, hotels are designed to provide a safe and controlled environment for guests.
In addition to these physical security measures, hotels often have well-established emergency procedures and trained staff to handle any issues that may arise. For visitors concerned about safety, particularly in unfamiliar areas, hotels are the go-to choice.
Airbnb
Airbnb accommodations present a slightly different security dynamic. While many properties are located in safe residential neighborhoods, the level of security can vary depending on the specific property and host.
Unlike hotels, Airbnb rentals generally lack uniform security features like front desk staff or CCTV, and security is often dependent on the host’s own measures.
However, Airbnb does offer a degree of transparency through guest reviews and host ratings, which can help gauge the safety of a property. Choosing properties with strong, consistent positive reviews and communication from a responsive host is advisable for added security.
Some rentals, especially those in apartment complexes, may have building security similar to hotels.
Overall Value for Money
When it comes to getting the most bang for your buck, the choice depends on your travel needs and preferences. Hostels offer unbeatable rates for solo travelers and those on a tight budget, particularly in expensive cities where even a basic hotel room could blow your budget.
While they may lack some comforts and privacy, the low cost per night and the opportunity to meet fellow travelers can make hostels a great choice for those prioritizing social experiences and savings.
Hotels provide consistent quality, service, and convenience, making them a great value for money for visitors who prioritize comfort and privacy.
Though much more expensive than hotels or Airbnb, the value of a hotel stay lies in its reliability, central locations, and comprehensive services. These features can be particularly appealing for short stays or business trips.
For those willing to sacrifice a little more cash, hotels offer a hassle-free experience with everything you need at your fingertips.
Airbnb balances cost, comfort, and flexibility, often providing excellent value, especially for longer stays or big groups. The ability to rent an entire apartment or home can lead to major savings on food and transport, as well as a more personalized and immersive experience.
However, the quality and cost-effectiveness of an Airbnb can vary depending on the location, host, and property type, so it’s essential to carefully evaluate your options and read reviews before booking.
It’s Up to You
Ultimately, the best choice will depend on your destination, the length of your stay, your priorities, and what you’re looking to get out of your trip.
By weighing the costs and benefits of each option, you can find the perfect accommodation without draining your bank account.
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Jack Shaw is the Senior Outdoors Writer for Modded Magazine. Driven by his passion for writing, Jack loves to traverse the wilderness, travel, and explore the unknown. He has over six years of experience writing professionally and loves engaging in new projects. His works have been published in The Travel Magazine, EcoHotels, Trekaroo, and more.
