Traveling to Europe can be quite expensive these days. The recession has pushed prices of airfare to Madrid Spain so it is a bit more expensive to travel to Madrid this year compared to last year. The weaker dollar exchange rate has also affected the purchasing power of Americans abroad which made it even more expensive for Americans to stay in hotels and resorts when they go on vacation in Spain.

Fortunately, there are still plenty of ways to save money when traveling to Europe. Staying at hostels in Madrid Spain for instance can already cut your expenses. Note that there is a big difference between the room rates of hotels and hostels in Madrid Spain. Many hostels in Madrid Spain rent their rooms between $20 and $30 per day. Some of them even charge lower.

Why are these hostels charging low prices, are they giving substandard services to their clients? No, these cheap hostels in Madrid Spain do not have substandard services. Most of these hostels in Madrid Spain offer great services to their clients. However, since these hostels in Madrid Spain run on lower overhead cost, they can offer their services for cheaper prices. Besides, most of these low budget hostels are booked the whole year round so they still earn a good deal of money even if they are only charging low service fees.

Finding the Best Hostels in Madrid Spain

Finding the best hostels in Madrid Spain can bit of a challenge especially during peak seasons. If you are planning to visit Madrid Spain during peak seasons, make sure that you make arrangements in advance. Get a guidebook to Madrid from your favorite bookstore and check out the different hostels listed in the guidebook.

If you are planning to explore the city, pick out a least three hostels that are located near the heart of Madrid. As much as possible, you should stay in one of those hostels that are just a few minutes walk from the historic center of Madrid. This way, you get to save a lot of time and effort in getting around the city.

After picking out at least three hostels in Madrid Spain that are only a few minutes walk from the best attractions in the city, rank these hostels according to your order of priority then start calling these hostels to book your reservations.

You may also reach these hostels online. If your first choice of hostel is already fully booked for the season, move on to your next hostel in your list. Don't worry, if you are calling for advance bookings, you will most probably get a room in one of these hostels.