Mykonos Grace, Mykonos, Greece

Greek island Mykonos has plenty of fashionable five-stars, but the Mykonos Grace is effortlessly glamorous, and half the price of many of its rivals. The rooms have a delectable airiness, with lots of trendy Venetian plaster, Starck-esque fittings and spacious terraces, some with hot tubs. The hotel has 29 rooms and 3 VIP suites and its own luxury spa.

The popular Agios Stefanos beach is on the doorstep; thumping nightclubs are a five-minute cab ride away.