I have been traveling alone in south america for a year, staying in hostels.
I voted this option to be the best, that worked good for me, I met a whole lot of interesting people and had a lot of fun.
Traveling with friends in hostels, can be fun too, although you do not gonna meet as many people as travelling by yourself.
Traveling with Hotels is boaring, I used to travel a lot with hotels, since I worked for a company who sent me abroad a lot staying at 5 stars hotel, this is boaring you do not get to know any people, hostels is the best choice, even if you have money to spend on luxurous hotels I would defintley choose hostels.
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