I believe that they never fully recovered after Covid and tourism never bounced back.

Tourism bounced back as soon as they opened the borders. The 2023 numbers were at 2016/2017 level despite them not opening their borders until late 2022 (meaning lower ski-season numbers), and removing covid checks in April 2023.

Feb 2024 was reported as having 7% more tourists than Feb 2019 (2019 having peak tourism numbers).

There are a LOT of tourists at the moment.