If prices are heading back to the old days, then I would like to see the old style of travel back, that is "free" seat, baggage allowance and food on board etc. The airports used to be decent places in the 70's, not the hell-hole shopping precinct they are now.
But high air and hotel prices don't help those working 48-weeks a year for a pittance, even less so students that fill San An and the clubs. If there was a serious drop in the "cheap but cheerful/drunk(!)" tourists, how would PdB and San An cope, bars, hotels etc?? End up with too many rooms and not enough punters?
Or will fans of Ibiza simply save more and cut out costs at home so they get that annual booze-up holiday? Thus affecting the home economy?? At what point to folks on here say "hotels and flights are now too expensive...can't go - or will cut down the no. of nights??