The Best Cheap Travel Lodging: The Hoscars

Ok, now that the Oscars have been awarded and the red carpets rolled up, it's time to tell you about the Hoscars. Those'd be the best hostels in the world rated by folks who booked through Hostelworld.

And the winner is...Cat's Hostel in Madrid, which took both best hostel and "most fun" categories. Find the complete list of best hostels at HostelWorld.

Need information on how hosteling started and how you can find some of the cheapest lodging in Europe? See Hosteling in Europe--Tips for Hostel vacations. Cat's caught your fancy? We have lots of Madrid Travel Information as well.