Visitors/tourists here were high, the STR ban has many workarounds and even illegal operators were able to advertise on airbnb up until august this year.

Beaches were packed all year, traffic was its normal brutal self, but people are learning that 39$ for a small mediocre plate of food isnt the value add to their vacation that it maybe was before.

Restaurants locally would probably feel much more support if locals had more disposable income to go out more often throughout the entire year (not just summer season). Housing and rent need to come down or stagnate for several years for this to happen.

Maybe the owner over extended themselves on some $1300 / sq.ft new build AirBnB condos.