There is this little German expression....which I came to grasp a few years ago in Germany.
It basically means going on a trip and arriving at a hotel or restaurant or site.....and you thought it would be three or four star.....and its one or two stars.
For example.....if you were hungry and ate at a place which looked decent enough from the street.....in a high tourist area.....and the food later came out....was terrible....you'd be in a chicky-micky place.
Years ago, I stayed at a hotel in Starnberg. It had great access to the train station....but I came to realize it was an awful hotel. If I had thrown twenty Euro more into a better hotel.....I probably would have been happy.
So Germans have devised this little comment to express the real situation of tourism....chicky-micky. When you hear a German utter it.....he or she is probably disgusted, and kicking themselves for being cheap.