Boracay, Philippines... who's been there and what did you think of the place?

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Where did you stay and how was it? Was it expensive? I was there last May and I loved it. It was really beautiful but food was expensive. I really enjoyed the food at the Red Coconut, big portions, good for the price. My family and I also loved the Mongolian bbq that was all you can eat... please share your experiences about Boracay here...