A holiday abroad can be an expensive affair when it comes to costs such as travel, hotels, insurance, currency and other expenses.

However, if you're savvy enough to opt for a hostel or cheap hotel when booking your getaway, you will likely find that you can significantly cut the cost of at least your accommodation.

With HostelBookers, you can find a wide range of high-quality hostels and low-priced hotels designed to offer great value for money to backpackers, students and anyone else looking for ultra-cheap places to stay.

Where in the world?

HostelBookers has cheap hotels available in more than 100 countries around the world.

Cut-price accommodation is on offer in major cities such as London, Paris, Rome, Amsterdam, New York, Sydney, Madrid and many more besides.

You will also find hostels located in smaller towns and metropolises in a variety of countries, meaning that low-cost rooms can be yours whether you're opting for a short urban break or a longer stay outside of the city.

Money money money

So how much money can you expect to save when opting for a hostel or cheap hotel?

Unlike many other sites, HostelBookers does not charge a booking fee – meaning that the price of your accommodation is kept as low as possible.

It also offers a low price guarantee that refunds you the difference if you find the same accommodation with the same booking conditions elsewhere on the web within 24 hours of reserving your HostelBookers room.

If you're still not sure, let the experts help you make up your mind – a study conducted by Eyefortravel found that HostelBookers is cheaper than its nearest competitor by a margin of 4.2 per cent.

Is it really for me?

Cheap hostels and hotels are suitable for the majority of travellers looking for low-priced rooms. They are particularly popular among backpackers and students, as well as those searching for inexpensive group accommodation.

HostelBookers's offerings aren't just limited to hostels and hotels – you can also find great deals on camping, self-catering apartments and guesthouses.

Some hostels may cater for certain age groups only, but on the whole there are plenty of options to suit most holidaymakers.