The recovery in tourism is being cited by LVMH Moët Hennessy Louis Vuitton for the upsurge seen in its first half revenues.

On a like for like basis, revenues were up 14% on the year before to €5.67 billion, as sales by the largest LVMH division of Fashion and Leather Goods, including the core Vuitton leather luggage brand, climbed 11% to €2 billion. Vuitton sales were particularly strong in the USA and Asia, while in Europe the return of tourists was matched by a strong local demand. Japanese sales also continued to grow.

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