Many of us have been hit hard by the economy, and the travel industry knows it. That's part of the reason why hotel reservation websites are offering deals unlike any we've seen before. A $600 a night room for $150? It's not uncommon, even though we're currently looking at the industry's peak operating season.

So just how low do these travel deals go? Hotels.com, the online hotel reservation website that was rated number one by Star Reviews, has last-minute deals for as low as $30. Rooms at water park resorts in Wisconsin Dells can be had for as low as $99 a night, and that includes park admission. The savings are quite phenomenal even though this time of year is supposed to be the most expensive in the world of hotel accommodations.

Those whose budgets are stretched really tight can find a vacation destination near them and book their hotel online for a quick getaway that can cost less than $100. If you prefer luxury, you can still get a deal with many five-star hotels offering never-before-seen discounts. While you won't get a 5-star room for under $100, you can get it for about half price if you do it right. The trick is booking online. The front desk isn't likely to have the same discounted offers. The hotel reservation websites are your best bet when shopping for discounted travel.