Let KAYAK do the searching
Based on KAYAK hotel searches, the most popular destination is Cebu City (70% of total searches to Cebu). The next most popular destinations are Lapu-Lapu City (19%) and Mandaue City (6%). Searches for hotels in Moalboal (5%) are also popular.
KAYAK users have found double rooms in Cebu for as cheap as $13 (San Francisco) in the last 3 days. The average price is $75.