03/03/2014 07:22 EST | Updated 03/03/2014 07:59 EST

Cheap Hotels Around The World: 10 Spots Where You'll Receive The Best Value

The Backpack

(Relaxnews) - A hostel in Cape Town that offers hotel-quality rooms and amenities in a collection of centuries-old Victorian houses has been named Lonely Planet’s best value hotel in the world.

In spite of its name, The Backpack is less like a hostel and more like a friendly, ‘hip vibrant’ guesthouse with accommodations that range from luxury king en suites to safari tents, girls-only dorms and a separate city studio apartment a few blocks away, all dressed in Afro-funk decor.

Amenities include a fully equipped self-catering kitchen, pool table, free unlimited Wi-Fi, an outdoor pool set against the backdrop of Table Mountain and a travel centre where guests can book safari trips and rent a car.

Starting rates range from 220 ZAR ($22 CDN) a night for a stay in the eight-bed dorm, 700 ZAR ($72 CDN) for a single private en suite to 1000 ZAR ($102 CSN) a night in the Loft Studio.

Many of the hostels, hotels and guesthouses which make up the top 10 list offer accommodations for under $100 USD a night.

The list was curated by Lonely Planet editors and the entries are defined as comfortable, charming lodgings in “superlative settings” for budget-conscious travellers.

South Africa and Brazil boast two addresses each on the list.

Here are the top 10 value hotels for 2014:

The Best Budget Hotels, As Chosen By Lonely Planet