Luxury fashion rebounds from Covid-19, but still yearns for tourist spending

A man wearing a mask walks past clients queueing to enter Louis Vuitton shop on the Champs-Elyees avenue in Paris on May 11, 2020 on the first day of France's easing of lockdown measures in place for 55 days to curb the spread of the Covid-19 pandemic. Photo: AFP

The luxury sector has flashed back from the Covid-19 pandemic but the crisis is still putting a crimp in travel, a key part of the market.

Industry giants have reported results that show the world's well-heeled are splurging on luxury goods as sales surpass even pre-pandemic levels.