Chateau Lake Louise
One of Canada's grand old hotels, the Chateau is the only option if you want to stay right at the lake, but be warned - the chateau is luxurious, but extremely expensive. If you have the money, it is worth it for the beautiful surroundings and the clear crisp mountain air.
HI-Lake Louise Alpine Centre
A large hostel in the town. There is a cafe at the hostel. In winter, dorm beds from $27 non-member $31, private rooms from $78 non-member $86. In summer, dorms from $34 non-member $38, private rooms from $99 non-member $112. Ski packages are available. Pets not allowed.
The lake is approximately an hour's drive from Banff, where a much wider variety of accommodations are available.
HI-Castle Mountain Wilderness Hostel
A small hostel about halfway down the road towards Banff, and offers a very laid back atmosphere. The facilities are excellent, with a sizeable kitchen, friendly atmosphere and beautiful surroundings. Reservations are required during the winter months, as closure dates may apply, and recommended during the summer months to ensure a bed. Dorm beds from $23, with a $4 surcharge for non-members, ski packages available. Pets not allowed.
HI-Mosquito Creek Hostel
It is a simple, rustic but clean hostel, in the middle of the Rockies at 1816m along the glacier-fed creek, offering a true back-to-nature "off-the-grid" Canadian experience. World-class outdoor pursuits are literally at your doorstep here, with an on-site sauna to soothe weary muscles at the end of the day! Pets not allowed.