Haggling

While Hong Kong may appear to be an urban playground for the wealthy, it is also feasible to find some great deals. There are several simple budget and mid-range hotels to choose from, with prices that are comparable to those in Europe and the United States. This is especially true of franchises like iClub and independent properties like Tsim Sha Tsui's Xi Hotel.

Will you be spoiled for choice during your stay? No. If all you need is clean accommodations, a convenient location, and powerful air conditioning, you may spend much under $100 each night. Eating at the city's more local spots, such as Mong Kok, Sheung Wan, Wan Chai, and Tsim Sha Tsui, will also save you a lot of money. Open-air markets, which can be found in practically every area, offer wonderful cheap shopping. Just remember to bring money (more on that below).