Many of Hong Kong's best deals are to be found in Kowloon's Tsim Sha Tsui area. It's not that Hong Kong Island doesn't have plenty of options, especially at the luxury end; rather, it's a mere matter of expense. The SAR boasts some of the world's best accommodations right in the heart of the city if you're willing to drop several grand a night. If you're on a tight budget, however, you're likely to end up a considerable distance from the center. Fortunately, Hong Kong's public transportation is outstanding and cheap. For the best results, always book ahead.