My aunt, uncle, grandparents, and cousins were there over Christmas. They said that most of it was closed. The estimated about +90% of all the shops/restaurants were closed.
It pretty much shuts down, although they are trying hard to make it a year round place. My cousin owns a condo there and goes up every weekend, but it is like her second home. She basically hibernates. There are restaurants open (not all) and that's about it.
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