European Backpacker Index, Jan 3rd 2012
No 12 – Lisbon, Portugal. Its out-of-the-way location seems to keep tourism well below the levels that the city otherwise deserves, but those who go to the trouble to reach Lisbon will find an extremely handsome and charming city that is a great bargain as well. The city is particularly known for excellent and cheap hostels that are always in a race to outdo each other, with visitors being the ultimate winners.
Cheap/good hostel: Oasis Backpackers Mansion – 10/night
Daily Backpacker Index: €43.38 = US$56.34/day