There are two types of hostel today;
1: the original - small, cheap, cosy, full of character, close to a bus station! and full of backpackers
2: the new hostel, or 'poshtel/flashpacker hostel' These are ones that have the big financial investment. you can identify them by their modern/expensive 'designer' decoration, bigger/better facilities, fancy branding and prime location. These places need to repay the big investment in them, so usually sell themselves on hotel websites and don't attract nearly as many backpackers as 1: the original hostels.
If you are in the no:1 category, you are probably in it for the love of travel - and are probably no different to any other no:1 category hostel.
if you are in the no:2 category, you are probably in it for the love of money - and probably no different to any other no:2 category hostel (but they always sell themselves as 'different').
At the end of the day though - if you sleep in a dorm, you will experience a bad smells and people snoring and your toothpaste may go missing... no matter who/what/where/when/how and why.
I don't want to say names, but i think the above applies to every continent in the world!!
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