Before you embark on a long and exciting trip to Penang Island you need to make a rough budget for your trip.
Modern Penang offers more and more options for quality and budget accommodation. Accommodation costs range from 30 MYR per night in cheap gesthouses and hostels to 300-400 MYR per night in fashionable 5-star hotels. If you are going to eat in inexpensive cafes, travel by bus and do not spend too much, you will be able to organize accommodation in Penang inexpensively (from 110 MYR per day per person).
Accommodation in Penang depends on your needs and capabilities. A comfortable hotel, cab, good restaurants will cost you 300 MYR per day per person, and the sum of 430 MYR per day per person will allow you to deny yourself nothing. Prices for excursions and entertainment on the island are quite moderate, but they also affect the overall budget of your vacation.
Separately, it should be noted that the cost of accommodation in Penang varies depending on the season. In high season (November-January) prices for accommodation, food and entertainment increase significantly.