Let KAYAK do the searching
Based on KAYAK hotel searches, the most popular destination is Reykjavik (94% of total searches to Faxafloi Bay). The next most popular destinations are Keflavik (5%) and Hafnarfjordur (1%). Searches for hotels in Borgarnes (0%) are also popular.
KAYAK users have found double rooms in Faxafloi Bay for as cheap as $45 (Reykjavik) in the last 3 days. The average price is $497.