Ko Pha Ngan (also spelt Koh Phangan) was originally one of the primary backpacker islands in all of Thailand and famous for its monthly Full Moon Party. This place has everything many budget travellers want; cheap booze, cheap western food, cheap lodging and lots of crazy all night parties.
From the Koh Phangan Travel Guide
Average cheapest prices by month for budget accommodation in Koh Phangan
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Terrible. Took me an hour to find this place. When I arrived, she put me in a dorm even thoi I booked a private room, then took me to another hotel which had mould. Just don't even think of going there. ... more
Great location. However, the water in the bathroom was brown, the sheets had paint on them. Wifi only at reception. Overpriced. ... more