Villages and sights around the Lake
For the curious, let it be known that there are five different spots around the lake where you can find accommodation. Each offering a different vantage point to take in the Lake. I'll list them in the left to right order of their geographical existence.
Phobrang: It is the village at the head (leftmost) of the lake. And there is a road here which leads to Chorkangma pass, which is even higher than the fabled Khardung La pass.
Lukung: It is the main base for most day trippers coming to visit the lake, so naturally the most crowded. There are a couple of restaurants here (one run by the army, pretty much guaranteed to be open all year round) and during the tourist season few makeshift tent camps offer over night accommodation.
Spangmik: Before 2010, Spangmik was the last village on road that runs along the Pangong lake. As a result the village has heavily adapted itself to tourism and pretty much every house in the village offers home stays for tourists to spend a few days. If you can look past the sign boards everywhere, Spangmik is actually pretty nice spot.
Maan: Newly opened in 2010 for tourism, Maan is yet to fully enjoy the benefits of tourism. Its a rather small village consisting of about 20 house holds. As of October 2010 there were no boards advertising home stays for tourists. But you can ask around and find a few. I stayed at home of the headmaster of a local school. He is already busy adding a couple of rooms to his home and i'am sure that by next year he and a few others in the village will open up their homes for tourists.
Merak: Another 2010 entrant to the tourist scene, Merak is the last village on the route which you are allowed to visit. Compared to Spangmik and Maan, Merak is a much larger village and offers a much bigger scope for exploring. As of 2010 there were two home stays available in the village, with more under construction.