for some of the cheapest and best value hostels & budget hotels worldwide check out this video from Hostels247.com
Here the focus is on cheap place to stay in London, Prague and St Petersburg, the featured accommodations are Ordnance Hostel, Notting Hill Hostel, Queen Elizabeth Hostel Fulham, Queens Hotel, Baby Lemonade Hostel, Alpha Hostel, Abex Hostel, Fusion Hostel, Clown and Bard Hostel.