Budget
USA Hostel Hong Kong
Located in an old building that is also home to stores and other commercial enterprises, expect a budget hotel which usually is clean. Ask to see the room first, or you'll get a really small one. Generally, the next day they will move you out of the good room into one of the smaller ones. Also don't be surprised to see the television and shower not function properly. It is right beside Tsim Sha Tsui MTR station.
New Peking Guest House
Rooms are small but very clean, and staff is very friendly and helpful.
Tokyo/Australian guesthouse
A clean guesthouse with TV, good WiFi, fridge, hot water, AirCon and ensuite bathroom. The rooms seem to be quite modern and updated although fairly tiny, but that's typical for the Chung King Mansions. Owner is a pretty nice and helpful guy. Room was cleaned and made up every day. Hot water is pretty strong and good! The beds in the twin rooms sleeps 2 go for about $250.
Welcome Guest House
Good guest house in Chung King Mansions. Doubles go for $180, are fairly roomy and are equipped with AC, fridge, TV, telephone and bathrooms with hot shower and toilet. Singles are $130, are positively tiny and don't have a fridge. Most rooms, apart from those farthest from the reception have free WiFi. Rooms are clean but are of a rather mediocre standard leaky sinks, some cracked tiles, nothing too serious; sheets are changed and rooms cleaned daily. The biggest problem with this guest house is that some of the air-con units are rather noisy even when turned off, so if you have trouble sleeping it's worth bringing your own earplugs. The staff are very friendly and trustworthy. Some travellers report of leaving their luggage, including rather expensive laptops and kindles in plain sight in their rooms unattended for several days, and nothing having been taken or tampered with.
Dragon Hostel
Tiny but clean rooms with aircon and free Internet at reception. Located on the 7th floor and a short walking distance from Mong Kok MTR Station.
Lee Garden Guest House
Tiny but clean rooms, this hostel is in a great location in Kowloon, near the MTR station and just a few blocks from Nathan Road.
Cosmic Guest House
A clean hostel with mostly friendly staff, you can get clean dorms here for $60, or bargain for a good deal on one of the tiny private rooms with air-conditioning and cable TV.
Hop Inn
A clean & stylish hostel with friendly staff, one of the best in the Tsim Sha Tsui area. Each room was designed by a different local artist / illustrator Very interesting.
Wonderful Inn
Clean rooms, fast service & helpful staff.
Hakkas Guest House
This well-maintained guesthouse is home to 10 immaculate rooms and is one of the best budget deals at the Yau Ma Tei end of Nathan Rd.
A large number of guesthouses are located in Tsim Sha Tsui, Mong Kok and Jordan offering cheap, small but generally comfortable and safe accommodation licensed by the Hong Kong government. These are barebone places to stay so there will be no restaurants, souvenir shops or newspaper delivery. Most owners will only speak basic English. Chung King Mansions and Mirador Mansions, both on Nathan Road in Tsim Sha Tsui are famously home to a number of budget hotels and hostels. Having attracted western backpackers for decades, these guesthouses have become increasingly popular with budget travellers from mainland China. Staying at budget hotels is entirely at your own risk and you are advised to seek recommendations from other travellers. Please remember to post your own recommendations here.
Expect budget hotel rooms to be undecorated and small with only a bed or beds, night stand, telephone and television. Noise from fellow travellers may be a problem, so invest in good earplugs. Most will have "in-suite" bathrooms while others have communal bathrooms. Upon check-in, you should ask the owner how to turn on the water boiler unless you want to shower with cold water. Some guesthouses will include free wireless Internet. Virtually all rooms will come with air-conditioning.
Bookings are not needed and some Wikitravellers have reported that bookings have not always been honoured. The best way to secure a room is simply by arriving at around 1:00pm, when many of last night's guests have just checked out. Ask to see the room before paying, and you should pay for only one night. If you're happy with the first night, the owner will almost always happily extend your stay. You should also ask if there's 24 hour unassisted entrance which is recommended or if you have to ring a bell at night. Credit cards aren't accepted, it's cash only. Remember to ask for a receipt with check-in and check-out dates clearly printed.
Prices generally range from $150-$250 per night for a single room with en-suite bathrooms. If you are comfortable with a community bathroom, expect to pay about $120. If you know how long you are staying, negotiate in advance to get a lower rate: they want your business over several days, so they will be willing to drop their prices to even $90 a night for a four or five night stay. However some less honest managers tend to increase their prices dramatically around public holidays, in which case it will take either a reservation or a very hard bargaining to get back to the prices mentioned above or you can simply try and pick a good one, but it can take several hours.
There are more accommodation options on the Chung King Mansion, including dormitory rooms. The building which was once an office building is over populated by the countless cheap hostels within it and is now home for lots of foreigners from poor countries all around the world. The massive amount of people creates a queue of up to 15 min to the elevators at rush hours.
Among those that have a long history are the Travellers Hostel, Block A, 16 Fl in Chungking and the Garden Hostel, 2Fl, Mirador Mansions (http://www.gardenhostel.c...). There are places in the Mansions however that travellers seeking fair lodging should definitely avoid. Among them are the Fortunate Guest House and Peninsula Guest House, both owned by the same shady individual who will not hesitate to put you in another, cheaper guesthouse while making you pay disproportionate fees and keeping the difference. The said individual has apparently earned himself quite a reputation among the chinese guesthouse owners, and is usually seen on the ground floor trying to attract customers.
Midrange
Harbour Plaza Hong Kong
Located in Hung Hom with roooms overlooking Victoria Harbour. Large outdoor swimming pool. Free shuttle bus to Tsim Sha Tsui.
Citadines Ashley Hong Kong
This residence, located in bustling Tsim Sha Tsui, offers studio apartments that features a modern living space, which doubles up as a home office, complete with high speed broadband internet access.
Eaton Hotel Hong Kong
This four-star hotel is located in Jordan overlooking Nathan Road and is a short-stop from the MTR station.
The Salisbury YMCA
The Salisbury is Hong Kong's main YMCA and is a well regarded hotel. All rooms have private bathrooms and some have good views of the harbour. The location, next to the Peninsula hotel and near the Tsim Sha Tsui MTR station can't be beaten. Rooms start around $900 per night, making this a very popular choice with budget minded families. If you have a dependable schedule, reservations well in-advance are highly recommended. Other Y services swimming pool, gym, restaurants, etc. are available to hotel guests either free or at reasonable rates.
Evergreen Hotel Hong Kong
It is a reasonable hotel with clean rooms, friendly staff and good location near Jordan MTR station, Temple Street night market and Nathan Road. Special internet rates available.
Hotel Benito Hong Kong
This is a new hotel opened late 2007 with rates at around the $800 up. It has a very good location in Tsim Sha Tsui and is 2-minutes from the MTR station.
Top end
Peninsula Hong Kong
Hong Kong's grand old historic hotel has a commanding presence with some of Hong Kong's best bars, restaurants and luxury boutiques and equally commanding prices starting at around $2,500 per night. Or how about the $50,000 honeymoon suite package including a helicopter tour of the city? The hotel was taken over as a military headquarter during the Japanese occupation in World War II.
Kowloon Shangri-La
Accessible through East Tsim Sha Tsui MTR station, Exit P1. From airport to hotel: It takes 20 minutes by the Airport Express train (http://www.hongkongairpor...). Airport Express passengers can take the free Airport Express shuttle bus route K4 from Kowloon Station to the hotel duration: 15 minutes.
Langham Place Hotel, Mongkok
Newly built in 2004, this five-star technological trend setter provides an oasis of tranquility in the bustle of Mongkok, the heart of 'real' Hong Kong. Adjacent to an ultra-modern trendy shopping mall, the hotel is also a stone's throw from traditional street markets selling everything from dried sea cucumber to 'Rolex' watches. The MTR is in the basement so you can reach many of Hong Kong's best tourist sights without leaving air-conditioned comfort. Just a few blocks south is Hong Kong's unofficial red-light district along neon-lit Portland Street.
Hyatt Regency Hong Kong, Tsim Sha Tsui
381 rooms and suites with views of Victoria Harbour and Kowloon skyline, Sky Garden and outdoor pool. Guestroom amenities: work area, marble bath, wireless internet access. Regency Club Lounge for free continental breakfast, private concierge and secretarial services.
Regal Kowloon Hotel
600 rooms and suites with wireless Internet access. Near the Temple Street Night Market and shopping areas on Nathan Road.
Langham Hotel Hong Kong
This hotel is an elegant European-Style Hotel located in the heart of Kowloon's busiest commercial and entertainment district - Tsim Sha Tsui, with superb designer boutiques and entertainment on its doorstep. It is just a few minutes' walk from Star Ferry and Victoria Harbour, Tsimshatsui MTR underground station.
InterContinental
Located right on the Kowloon waterfront, this hotel offers some of the very best views of the harbour and the Hong Kong skyline.