If you are sticking to Iceland’s ring road, you could, in theory, rely on the country’s public transport (buses) alone, although their services are much reduced during winter months. Most visitors rent a car instead to avoid being left hanging around. Taxis operate in Reykjavik and other larger urban centers, although most points of interest for travelers are within walking distance of one another. Cheaper hotels come in at around USD 40 per person, per night, but given their standard, this is not over the top. At the high end, do not be surprised if you see room prices of USD 1,000 per night.