In addition to my previous post on how expensive it was in Tenerife, namely the tourist areas of PDA and the surrounding areas (Adeje, San Eugenio, Fanabe). We found that the village of Adeje, Los Abrigos, La Caleta for tapas, were not so expensive and served better food, especially the fresh fish. Wine at the tapas bar in La Caleta was only 1.30 Euros for a decent glass and beer at 1.20 Euros (Dorado). We were charged 6.50 Euros for a weak Gin & Tonic at the Blue Marlin (Puerto Colom) and a wacking 11.50 Euros for a king prawn cocktail on New Year's Eve (there were 6 king prawns) at Little Itlaina (Capri), Fanable. Judge for yourself.
The meals we had at Los Abrigos were between 35 - 46 Euros depending on what fish we had - included wine and beer. Fresh langoustines were 2.50 Euro each - a fantastic price.
Could it be that the tourists areas have always been more expensive and we only notice now that we are not getting a good rate????
This was put to me by another Brit who said the prices were always probably higher, but we didn't notice it. British tourist spots are also notoriously expensive and rip you off, although at the moment they are enjoying a boom in tourists as the Euro goes further.
I agree the Eastern Europeans do not spend like the Brits. I've seen them sit all night with one drink listening to acts.
The only thing going for Tenerife at the moment is the glorious weather they have, although having said this it rained quite a lot over Christmas. Perhaps we still go but self cater more, however the supermecados are not cheap either.
You are right the Brits did not lower their prices. The whole country is not so dependent on tourism as SouthernTenerife. The island attracts pensioners, who cannot sustain their standard of living in today's climate and these must contribute greatly to the economy of Tenerife.
Hopefully the present situation will not last too long.