There are two types of travellers: Those who say “the hotel doesn’t matter, we’ll barely be in it anyway!” and those who would never stay in anything less than five-star luxury.

If you count yourself among the latter group, but don’t have the budget to match your expensive taste, you might want to check out Hotels.com’s latest report.

Looking at internal booking data, the 2026 Hotel Price Index has revealed the most affordable cities for a five-star stay, and all of them are under €200 a night on average.

The best-value city around the world for a plush stay without the premium price tag is Nha Trang in Vietnam, at €81 per night, but eight out of the top 10 are in Europe.

Where to book a five-star stay for under €200 a night in Europe