BAGUIO ACCOMMODATION: Cheap Lodges, Inns, Rooms, Homestay, Pension Houses and Hotels. UPDATED. November 11, 2019. Baguio still remains as a favorite summer destination in the Philippines because of its cold weather. The Panagbenga Festival has also become one of the most popular festivals in the Philippines, boosting Baguio City’s tourism significantly in recent years. In case you’re visiting anytime soon, here’s a list of Baguio hotels, inns and lodging houses arranged starting from the cheapest to make it more convenient for you to find a place to stay based on your budget.