You may also be interested to hear ...
posted by The Bangkok Consultant
Recommended: Using your mobile in Thailand
This neighbourhood stretches from Victory Monument to Ratchathewi BTS stations, which we shall class as Phaya Thai, which can be walked in around 20 minutes. Phaya Thai is an excellent hub for getting in and out of the city and is a great place to start if you have never been to Bangkok before, or if you are on a budget.
Many newbies head towards Khao San Road, but the place it a little too watered down regarding Bangkok's urban culture, and you'll miss out on what the city really has to offer.
The Pratunam area is full of hostels, and Phaya Thai BTS Station offers excellent transport links to the rest of the city and the airport. You are also within walking distance to Bangkok's biggest and best shopping malls at Siam Square (See Siam Shopping Adventure).
There are several bars within staggering distance of Phaya Thai (see Victory Monument Dance), which is useful if you want to avoid taxis once the Skytrain finishes after midnight. The Rock Pub, and others, is only a 10 minute walk from Phaya Thai.
The Airport Rail Link terminates at Phaya Thai BTS station so you can travel to and from Suvarnabhumi Airport in around 30 mins (45 Baht). You are also pretty close to Don Muang Airport via taxi (200 baht).
As usual, the area is full of small malls that offer many amenities for weary travellers including the Century Movie Plaza with a cinema on the top floor, though many films are dubbed in Thai, so be sure to check beforehand. The mall also has some affordable Japanese (Ramen) and Western fast food joints. And, of course, there are tonnes of great places to sample some of Bangkok's world famous Thai cuisines.
There are some hostels in the vicinity of the BTS station. Check out Sleep Lab, Vimarn and The Quarter hostels for dorm rooms. For hotels, the Florida Hotel can be booked online for around 900 baht (avoid the walk in prices) or The Sukosol hotel for around 2600 a night with an excellent swimming pool and hotel bar. The Sukosol is also home to Lin Fa Resturant offering some of the best Dim Sum in Bangkok.
Best reached by Phaya Thai BTS station.