Let KAYAK do the searching
Based on KAYAK hotel searches, the most popular destination is George Town (55% of total searches to Penang Island). The next most popular destinations are Penang (29%) and Batu Ferringhi (14%). Searches for hotels in Tanjung Bungah (2%) are also popular.
KAYAK users have found double rooms in Penang Island for as cheap as $10 (George Town) in the last 3 days. The average price is $117.