The Expoción Internaciol 1998 and the rapid growth of Lisbon as a tourist destination has made the city develop many places to stay. The three main types of accommodation in the city are hotels, pensions and guest houses. Pensions and Guest Houses differ in that pensions serve meals while the guest house does not. Both are officially classified as 1 to 3 stars. The most basic have only a sink in the room, the more sophisticated can include bathroom and TV. Generally both include breakfast. You can find prices from 10 euros.
Most pensions and guest houses are located in the central part of the city. In some cases the same building can accommodate more than one of these places. The most popular and noisy are north of La Baixa, around the squares of Rossio, Restorers and Da Figueira. The cheapest are in the street parallel to the central Avenida da Liberdade. The 1 star hotels are equivalent to three star pensions while the 2 star are significantly better. The 3 star even have air conditioning and mini bar. In the cheapest hotels it is common to have TV but with only Portuguese channels. The 3 stars do have some cable and satellite channels. Prices are between 30 and 150 euros.
The main luxury hotels feature everything you would expect from one. Prices per night are 200 to 250 for 4 stars and above the 250 euros for a 5 star. They are usually on the outskirts of the city, particularly those located in palaces. The most modern are in the suburb of Lapa and financial area of Saldanha.
The high season is during Easter and summer. Rooms are limited and prices are high. Therefore it never hurts to say you need to book in advance. It is advisable to reconfirm the reservation a few days in advance or request for written warranty. Many places during peak season arrive to deny existing reservations.