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Note that most hotel rooms in Hong Kong are subject to a 10% service charge and 3% government tax (total 13% in extra charges).
(Note, that as of July 1, 2008, the Hong Kong government has decided to end the 3% government tax for hotel rooms)
So, whatever price you find for a hotel, be sure to check if the price includes
these extra charges or not. Some hotel websites will tell you that their prices are inclusive of these charges, but some will not show you these additional charges until you are just about to book the room
or (unfortunately) after you have already booked the room.
Note that the price ranges listed below mean that these hotels offer at least one type of room in this price range (and of course they will have many other types of rooms that are more expensive).
These price ranges do not represent the average price for all rooms at these hotels.
Here are my current hotel recommendations for the first time traveller (click on the hotel name to go to the hotel's website):
Budget Hotels (USD$60 ~ USD$125):
Royal Pacific Hotel & Towers, 33 Canton Road Tsim Sha Tsui, Kowloon review
The Salisbury - YMCA of Hong Kong, 41 Salisbury Road, Tsim Sha Tsui, Kowloon review
Evergreen Hotel, 48 Woo Sung Street, Yau Ma Tei, Kowloon review
Stanford Hillview, Observatory Road on Knutsford Terrace, Tsim Sha Tsui, Kowloon review
B P International, 8 Austin Road, Tsim Sha Tsui, Kowloon review
Citadines Hongkong Ashley, 18 Ashley Road, Tsim Sha Tsui, Kowloon review
The Nest, 4/F 209A-B Tung Choi Street, Mongkok, Kowloon
YMCA International House, 23 Waterloo Road, Yau Ma Tei, Kowloon review
Ibis North Point, 136-142 Java Road, North Point, Hong Kong Island review
South Pacfic Hotel, 23 Morrison Hill Road, Wanchai, Hong Kong Island review
JJ Hotel, Lucky Centre, 165-171 Wanchai Road, Wanchai, Hong Kong Island review
Metropark Hotel Wanchai, 41-49 Hennessy Road, Wanchai, Hong Kong Island review
Hostels/Guesthouses (have single private rooms with private bathrooms - don't need to share with strangers) (USD$25 ~ USD$50):
Bridal Tea House, (several locations)
Sealand House, 80 Nathan Road, Tsim Sha Tsui, Kowloon
Dragon Hostel, Room 707, 7/F Sincere House, 83 Argyle Street, Mongkok, Kowloon review
Star Guest House, 6th Floor, 21 Cameron Road, Tsim Sha Tsui, Kowloon review
Cosmic Guest House, Mirador Mansion, 54-64 Nathan Road, Tsim Sha Tsui, Kowloon review
Alisan Guest House, 275 Gloucester Road, Causeway Bay, Hong Kong Island review
Note, that you can also look at discount hotel websites to see if they have prices that are better than the hotel's website.
Here are a few that you can try:
Discount Hotel Websites:
www.hotelclub.com
www.asiatravel.com
www.asiarooms.com
www.agoda.com
www.booking.com
www.wotif.com
Hotel Review Websites:
www.tripadvisor.com
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