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It stands to reason that hotels outside densely packed Central and Kowloon are cheaper, but you don't have to travel far to reach this rapidly growing commercial district on Hong Kong Island (about 13 minutes from Central via MTR, then a 2-minute walk). Although recently remodeled rooms (including six for the disabled) are compact, they have about everything you might need, although bathrooms have showers only. Those on higher floors of the 31-story property even boast harbor views beyond the bus terminal and elevated highway. The rates below reflect the seasons. There's also the newer and slightly hipper Hotel Ibis Hong Kong Central and Sheung Wan, at 28 Des Voeux Road West (852/2252-2929), with almost twice as many rooms, some also with harbor views.