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Monaco is the second smallest country in the world, but the pint-sized principality packs a sizeable punch. Known for its lush parks, manicured streets, and gleaming towers, Monaco is one of the most sought-after addresses in the world, and the country is synonymous with glamour and elegance.

Most Monaco hotels are located in Monte Carlo, the largest city, where the famous casino evokes images of James Bond and the luxurious life. Take advantage of special discount rates and cheap hotel deals in Monaco to have more money to spend on blackjack, baccarat, craps, and more.

If you strike it big, you can splurge at some of the world's most exclusive shops in the Golden Circle, a district framed by the Alles Lumieres, Avenue des Beaux-Arts, and the Avenue Monte Carlo. Some of the world's best designers have boutiques there, including top names like Gucci, Christian Dior, and Hermes.

The streets of Monaco are taken over once every year for the Formula 1 Grand Prix, a spectacular race each May that also draws some of Europe's biggest stars and socialites. Reservations are a must during the race, and some Monaco hotel packages offer terrace seats for the event. The Monte Carlo Rally also draws enormous crowds each January, and prices on Monaco hotel deals tend to go up as a result.

You won't find any cars zooming through the streets of Monaco-Ville, the mostly pedestrianized neighbourhood with a medieval heart. Staying at hotels in Monaco near the picturesque site gives you easy access to a number of cultural and historic sights, including the City Hall, the world-class Oceanographic Museum, the Romanesque-Byzantine Cathedral, the Saint Martin Gardens and the glorious Prince's Palace. Fifteen of the 13th-century royal palace's rooms are open to visitors, and the dramatic changing of the guard takes place just before noon each day.

To catch a glimpse at Monaco's most luxurious side, book rooms near the La Condamine district. There, incredible yachts line the docks and elegant landscaping surrounds eye-catching modern buildings. Snag a cheap Monaco hotel deal in this area to feel like a million bucks without spending it.