Luxury looks homeward as COVID curtails travel

Can’t travel?

Of course you can!

This year I went from Asia to Europe-no problem

Citigroup analyst Thomas Chauvet noted that the fact that a roaring US stock market had made many Americans more wealthy, on paper at least, had also provided an important psychological boost to consumption.

Not many Americans. Spending due to nothing else to spend on and lots of stimulus and spare time. Poor the travel sector (and general food and drink) - destroyed by government actions./