Malbun sits at around 1,600 metres in the Liechtenstein Alps, reached by a winding road from Triesenberg. It is the country's only ski resort, and its scale matches the country: a handful of chairlifts and drag lifts, a ski school, and a cluster of hotels and restaurants. The skiing is suited to beginners and intermediates, and lift queues are rarely a problem.
In summer, Malbun transforms into a hiking base. The Sareis chairlift gives quick access to the high ridges, where trails fan out in every direction — easy walks to the Pfälzerhütte mountain hut, the longer climb up Augstenberg, or the spectacular Fürstensteig ridge traverse. The views on a clear day — back down the valley, west into Switzerland, east towards Austria — justify the drive up even if you never put on boots.
The village itself is small: a few hotels, a restaurant or two, a sports shop for rental equipment. It is a quiet place out of season. Most visitors come for a day from Vaduz; those who stay overnight get the early morning light on the mountains to themselves.