Depends on the type of vacation: if I’m going somewhere new to see the sights/experience the place I’m perfectly happy with something budget friendly: I want a private room/bathroom but don’t need much else. When I was younger I could do hostels with shared accommodations but I’m over that now.

Sometimes, though, my purpose is to just relax at the beach/pool, in which case I have paid some obscene amounts for a nice place…