It appears that Fairyland could be replaced in all cases with a more specific location.
These are the events that take place in Fairyland:
Description: Odysseus and twelve companions arrive at the land of the Cyclopes.
Description: Odysseus enters a cave belonging to Polyphemus with a skin of wine
Description: Polyphemus arrives at his cave, blocks the entrance and eats some of Odysseus’ men
Description: Odysseus gives Polyphemus wine to drink
Description: Polyphemus asks Odysseus his name, Odysseus claims that his name is Nobody
Description: Odysseus sharpens a club and uses it to blind Polyphemus
Description: Polyphemus cries for help, but states that “Nobody” is hurting him
Description: Odysseus and his comrades hide underneath sheep, so Polyphemus unknowingly releases them from the cave
Description: Odysseus sails away from the island and shouts to Polyphemus that he is Odysseus
Description: Odysseus comes to the land of the Laestrygones, who are cannibals
Description: The king’s daughter meets Odysseus’ companions and leads them to the king, Antiphates
Description: Antiphates and the Laestrygones break the ships with stones and eat the men, but Odysseus' ship escapes
Description: Odysseus sails past the island of the Sirens, who persuade sailors to linger with their music
Description: Odysseus plugs the ears of his comrades with wax and orders them to tie him to the mast
Description: Odysseus’ ship passes the Sirens unharmed, so the Sirens die
Description: Odysseus must choose whether to go past the Wandering Rocks, or past Scylla and Charybdis
Description: Scylla attacks Odysseus' ship

Looking at the participants I think we could replace Fairyland with one of the following: Land of the Cyclopes; Land of the Laestrygones; Island of the Sirens; Wandering Rocks (aka Planctae); Scylla and Charybdis; and the Island of Ogygia.

In fact, any events that include characters like the Cyclopes, the Sirens, Scylla and Charybdis, Calypso or any place like The (is)lands of the ? - as above - should probably be converted to a more specific location.