Where would Freud go if he were alive and planning a vacation to Iceland? The Icelandic Phallological Museum.

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Mention the word “hostel” and most people recoil in horror, perhaps haunted by memories of dirty dorms, queues for the bathroom and rowdy backpackers. But hostels have transformed in recent years into some of the best value accommodation around, offering the same comfortable rooms and range of facilities you’d expect in a hotel.

As the credit crunch bites and travelers cut back on their holidays, this couldn’t be a more timely transformation—why pay the high room rates of hotel chains when you can get the same standard in a hostel?

Forget the standard youth and backpacker hostel, the term now covers a huge range of lodgings, from guesthouses to beachside apartments (you can even find hostels in tree-houses and old castles these days!). Many hostels now boast private rooms with ensuite bathrooms, widescreen TVs and even a Jacuzzi if you’re lucky!

The rise of the ‘boutique’ or ‘design’ hostel in major cities, with cutting-edge design, stylish interiors and high-tech facilities, is perfect for those of us that want to be cheap and chic.

Here is a look to the five most luxurious hostels out there:

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The Wailua meanders all the way to Mt. Wai’ale’ale, which is famous for being the single wettest spot on earth

Almost everyone knows you can take a cruise to Hawaii. Less well known is the cruise that goes into Hawaii.

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Imagine you had eccentric British relatives who lived in an enormous 18th-century London townhouse, who were veracious collectors of antiques, and who stuffed their house full of every painting, sculpture, mirror, book, armoire, clock, chest, candelabra, and exotic curio they ever obtained. The hypothetical townhouse you are imagining probably looks something like the very real Miller’s Residence. But you needn’t be a relative of the Miller’s to stay there. The Miller’s Residence is a hotel.

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Next time you fly out of Stockholm’s Arlanda International Airport, spend the night on an airplane before boarding your airplane. On the airport grounds there’s an old Boeing 747 has been converted in a hotel, the Jumbo Hostel.

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Imagine being at a shopping mall. And then hopping on a cable car for a 15-minute ride. And then getting off of the cable car and finding yourself on a long walkway that’s all of 1.8 meters (6 feet) wide, suspended high above a green jungle, with virtually no signs of human existence except for the walkway beneath your feet and the cable car you arrived on.

That’s what it’s like the visit Malaysia’s Langkawi Sky Bridge.

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Conjure an image of what’s it is like to go on a cruise. Are you picturing buffet dinners? On-deck spinning classes? Retirees playing shuffleboard? Many cruises really are like that. But if you’re looking for a different sort of cruise scene consider traveling by cargo ship.

Cargo ship travel is the un-cruise. There’s nothing fabricated about it. Every day thousands of freighters ply the high seas. Some of them have extra state rooms and accept passengers to tag along for the ride. This is as “real” as travel gets.

Of course, cargo ship cruising is not for everyone. Cargo ships don’t have swimming pools, evening entertainment, rock climbing walls or organized mixers on Lido decks. Go on a cargo ship cruise and there might be as many as four or five other paying passengers like yourself. Or, you may be the only one. And while cargo ships often have comfortable sleeping quarters they’re unlikely to be luxurious.

To book passage on a cargo ship you can go directly through some shipping lines. But we recommend working through a travel agent that can vouch for the quality of the food and accommodations and can make sure your itinerary includes sufficient shore leave time. One of the best agents for cargo ship cruises is Intrepid Travel. Here’s a look at their five cool cargo cruise ship itineraries:

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The food at the Ithaa Undersea Restaurant is quite tasty—we suggest the pan fried Maldivian white fish with fennel sauce and curry. But diners here don’t pay much attention to what’s on their plate. They are too captivated by this underwater restaurant’s 270 degree view of crystal blue water and vibrant marine life.

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