The bulk of Macau's hotels are on the Peninsula, although there are also many options - including high-end ones - on Taipa and, increasingly, the Cotai Strip, which is challenging the Peninsula to become Macau's premier casino area. Coloane, which offers fewer and much quieter options, has accommodation ranging from the famous Pousada de Coloane to Macau's two beach-side youth hostels.
Hotel rates are most expensive on Friday and Saturday nights, because demand is higher with tourists coming to Macau to gamble over the weekend. Try to make a booking through a travel agent, even if for the same day, as the rates can be substantially lower than walk-in rates. If you are coming from Hong Kong, book through an agent at the Shun Tak ferry pier for the best deals. Getting a package deal including return ferry tickets gives you the best price.
In the Inner Harbour area, many of the pensions and two star hotels are also the place of business for many of the mainland PRC prostitutes that work in Macau, and most hotel "saunas" are in fact thinly disguised brothels.
Hotel listings are in the individual district pages. Budget accommodation is one that carries a 2-star rating or below, a mid-range place has a 3-star rating, and a splurge place has a 4-star rating or above.