So basically you get all the drawbacks of developing for different web browsers, without really any of the benefits a cross-platform GUI gives you.
An advantage would be that the browser gets security patches by the OS.
Cross-browser compatibility is not too bad these days.
The most viable competitor to Electron other than Qt are the Java GUI toolkits. There are several but the two main ones are Swing (old, mature, not gonna win any prettiness awards but it gets the job done well enough in IntelliJ), and JavaFX (pretty darn good but people forget about it).
I've shipped apps using JavaFX before. It was quite a pleasant experience and I'd do it again in a heartbeat.
https://github.com/JFormDesigner/FlatLaf
There’s also Kotlin multi platform