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Hostels.
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Hostel dorm beds are usually the cheapest accommodation around and it’s geared for young backpackers so meeting people isn’t very difficult in these environments. However, because it’s very cheap there’s usually going to be compromises. Make sure to take an eye mask and ear plugs for the snorers, plastic bag ruffling, early morning check-ins, and drunkards. A sleeping sack is useful if the sheets are a bit questionable. If you happen to be traveling as a pair the private rooms usually cost the same or slightly more per person.
I would also take reviews with a grain of salt. People are picky over the smallest things. What did you expect? It’s a hostel.
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Guesthouses.
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Guesthouses are either another word for a hostel or cheap separate rooms with shared bathrooms. In third world and developing countries prices can be negotiable so ask before checking in. Always ask to see the rooms beforehand otherwise you might be in for a surprise.
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Hotels.
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Sometimes hotels aren’t that much more expensive and you’ll have the urge to treat yourself.
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Airbnb.
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Airbnb is a great option if you’re traveling with other people and want to avoid the hostel environment, have a kitchen, and pay less than a hotel.
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Camping.
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Travelers can usually pitch a tent in the yard of a hostel for just a few dollars or find a designated camping ground slightly outside the city center. Research the area you plan to travel in because it won’t always be an option. I personally used my tent throughout Southern/Eastern Africa, South America, and Central Asia.
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CouchSurfing.
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This is probably the cheapest option since it’s free but please don’t go into it with the wrong mindset. This is not free accommodation. It’s an opportunity for travelers and hosts to share aspects of their own cultures and create a richer traveling environment. I make an effort to try to couch surf at least once in every country when I can stay with a host 3 days or longer to get a different perspective of the country. It’s an amazingly rewarding experience and I highly recommend it.
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Sleeper Buses and Trains.
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Overnight buses and trains save a great deal of time and money and are usually significantly cheaper than regional flights. Just be mindful of your belongings and always keep your valuables bag in between your legs with a strap wrapped around on buses. Do not listen to anyone, including the bus staff if they want you to do otherwise. Trains are usually safer. Prepare everything you need such as extra layers, a contact lens case, etc, before you board. It’s likely that your pack will be inaccessible until you get to your destination. On trains I always opt for the privacy of the top sleeper bunk since I can keep my valuables safe. It’s also usually the cheapest bunk. In third world countries try to wash up and prep for sleep before you board the train as the toilet situation could be horrendous.
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Airports/Bus Stations/Train Stations.
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You’re more likely to sleep at airports than either bus or train stations since it’s much safer. Some airports are slightly harder to sleep in because they may have a closing time, installed arm rests on their benches, or even ban sleeping. If you do end up sleeping at an airport try to find a nice quiet corner with a visible security camera. Having a sleeping pad to place on the ground is useful if the benches aren’t cushioned and/or have arm rests.
Sleeping in Airports rates airports for overnight stays and provides other useful information while being stuck during a layover.
Bus and Train stations are tricky so you probably won’t be getting any sleep at all. I would avoid it at all costs. But if you do end up having to spend a few hours at the station then be vigilant with your bags as always. Organized thieves will take these vulnerable moments to catch you off guard.
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Outside.
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I’ve only had a few instances where I had to sleep outside in public places because I either couldn’t find accommodation or refused to pay steep prices for a few hours of comfort. If you do find yourself in this situation try to find a secluded area to hide yourself. Survey your surroundings and use common sense before settling down anywhere. There are plenty of 24hr restaurant/fast food options in various cities so try that first.
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Friends.
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You’re going to meet a lot of people along the way that you’ll probably never see again but there are also folks that you get along with really well. It’s incredibly rewarding to build upon these friendships by visiting their respective countries. This is why it’s great to keep your plans open rather than sticking to a set itinerary.