The city of Toronto offers various options for accommodation, most of which are located directly adjacent to the downtown area. Luxury hotels and five star options are readily available, while hostels and dormitories for budget travelers are also available in the downtown area. Bed and breakfasts have become incredibly popular throughout the city, with many being located in the downtown district and offering relatively lower rates than other similar accommodation types. Homestays are also considered popular, with daily, weekly and monthly rates on offer.