Let KAYAK do the searching
Based on KAYAK hotel searches, the most popular destination is Angra do Heroísmo (75% of total searches to Terceira). The next most popular destinations are Praia da Vitória (14%) and Lajes (11%). Searches for hotels in Posto Santo (0%) are also popular.
KAYAK users have found double rooms in Terceira for as cheap as $34 (Praia da Vitória) in the last 3 days. The average price is $143.