On a tight budget a decent AI all the way for me, We love eating at at different restaurants and bars every night but the way the euro is at the moment its an expensive experience esp with little ones.
I posted on here a couple of years ago that we had only spent forty odd quid when we went to fuerteventura AI for a week a couple of years ago, (it raised a few moans to!!) but we had a great hotel and never felt the need to eat/drink out.
Its all about budget I suppose . But when you are paying for three meals a day, drinks ,day and night etc It mounts up very fast. AI does get boring food wise after a while. We did AI in Ibiza last year for two weeks and ate out four times just to break it up a bit.
No good scrimping on the hotel tho as if its poor you will end up eating out anyway so a bit of research pays dividends