The Phoenix Hostel Shanghai - LaoShan, Huangpu

Even Shanghai’s finest five-star hotels couldn’t claim a better location than this hostel on South Yunnan Road, wedged between two subway stations, People’s Square, the Nanjing Road shopping strip, and the Bund waterfront. The Phoenix also has a “take a book, leave a book” communal library, reception staff who can help you with advice on travel and tours, and a rooftop terrace where guests can unwind after a day’s sightseeing.