Dublin's Generator Hostel ranks among the very best in the world, according to hotel price comparison website, HotelsCombined.com.
The website trawled its database of over 800,000 properties in a recent survey, listing the 10 most popular hostels in the world over the past 18 months.
Generator Dublin - part of an upmarket chain with hostels in Copenhagen, Barcelona and other European cities - is located in Smithfield, next to the Jameson Distillery.
It hosts over 500 beds, but this is far from a grubby, overcrowded affair.
There's a brilliant attention to detail throughout the building, from a funky lobby with graffiti pieces and chandelier made from old Jameson bottles, to bunks kitted out with their own lights, power points and secure storage space.
Beds start at €8.50 per night in a dorm, and €35pp for private rooms. It even has a ladies' jacuzzi suite with private jacuzzi for up to 10 guests from €10.50pp.
"We're delighted to be recognised, but not surprised" said Generator Dublin's general manager, Osgur Ó Ciardha, reacting to the news.
"We offer something for everybody, from the budget all the way to the business traveller. The social spaces are bustling with activity. In a hotel, guests rarely interact. You could never say that about Generator Dublin."
The recognition comes as increasing numbers of travellers opt to stay in luxury hostels, a growing accommodation niche designed to appeal to people looking for the communal atmosphere and affordability of a traditional hostel, but the cleanliness and service standards of a hotel.
Generator Dublin was also recently listed by the Herald Sun in Australia as one of ' 10 hostels you actually want to stay at, even if you're not a backpacker'.
Alycia Simons, HotelsCombined.com spokesperson, said:
“From families looking for an affordable place to stay to keen solo travellers hoping to meet like-minded people along the way, hostel accommodation can be the perfect solution."