1. Location – The more convenient a location is, the more is the chance you will be paying more. Therefore, it is a battle between convenience and price.
Less accessible areas means lesser rates so you will have to ask your self whether the inconvenience is worth the price. This would be less of an issue for you if you know the area pretty well. However, keep in mind that traveling in an unfamiliar place and staying in an inconvenient location is not such a good idea.
2. Schedule – Remember what your economics teacher taught you about the basic law of supply and demand? It is highly suggestible for you to recall that since it is pretty much applicable with hotel rates.
During peak season, hotel rates shoot up as much as three times even on cheap hotels. This certainly is a reason good enough to make your reservation for off-peak seasons.
3. Amenities – One of the reasons why some hotels are pricier is because of the amenities they provide, which are sometimes useless to some. It is advisable to look for cheap hotels that do not provide some of those amenities that you can live without to cut back on your expenses.
4. Negotiate – Never hesitate to seek advice from front desk personnel on getting better deals. Try a little negotiation and see if it works to give you discounts.
Ask if they have an ongoing promo that you can take advantage during your stay. Also, check if they can give you lower rates for longer stays if you are to stay for a week or so.
5. Search online – Thanks to the power of internet, it is now much easier to find cheap hotels, compare rates, location, amenities, and user reviews of the hotel. This will give you an idea on what to expect with from the hotel.