Let KAYAK do the searching
Based on KAYAK hotel searches, the most popular destination is Horta (98% of total searches to Faial Island). The next most popular destinations are Castelo Branco (1%) and Feteira (Horta) (1%). Searches for hotels in Ribeira Funda (0%) are also popular.
KAYAK users have found double rooms in Faial Island for as cheap as $64 (Horta) in the last 3 days. The average price is $124.