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Blue Lagoon Spa, Iceland

Iceland What do an Icelandic bank and an Icelandic streaker have in common? Both have frozen assets. This bit of financial humor is courtesy of the Daily Mail of London, except no one in Iceland is exactly guffawing. Its recent descent into the financial bog has it gasping for air., which means bargains for the savvy traveler. What you can find: In early December 2008, airfare from LAX to Reykjavik for $786 (combination of Delta and Iceland Air); the five-star Radisson SAS from $133. A round-trip ticket from LAX, plus six nights at the three-star CenterHotel Kopp starting at $988 (package on Travelocity.com), about $165 per person per day. Blue Lagoon spa in Iceland.
Leon Neal, AFP/Getty Images
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