Shanghai’s hostels are second-cheapest in the world and its hotels are some of the most affordable, according to new research by Berlin-based travel site GoEuro.
The 2014 Accommodation Price Index looked at accommodation costs of 150 cities and around 60,000 properties around the world. New York, concrete jungle where dreams are made up, was ranked as having the most costly hostel bed and for just being too damn expensive overall.
Shanghai has the second most affordable hostel beds (9 USD per night), right after Cairo, and its 1-4 star hotel rooms come in at a comfortable number eight (43 USD per night).
Beijing also made an appearance on the list with the 6th cheapest hostels in the world. Your money won’t get you as far in Macau, however, as it has the 5th most expensive Airbnb accommodations among the cities listed.
In Shanghai, the average overall accommodation price at 41 USD ranked it the 141st priciest place to stay (of 150 cities, remember). Hong Kong came in at 15th (125 USD) and Beijing 129th (47 USD).
[Photo Credit: Sarmu]