An end to China's travel curbs this month is expected to revive demand in the global luxury retail market, which has been starved of mainland visitors for three years, but many consumers now see more reasons to do their high-end shopping locally. Share prices of global luxury brands jumped last week after Beijing announced it would loosen travel restrictions from Jan. 8, effectively allowing Chinese tourists to once again flock to global shopping hubs from Paris to Tokyo. However, analysts and luxury brands warn they are unlikely see an immediate return to pre-pandemic levels of Chinese travellers with airlines yet to fully resume operations and local prices falling. Just as importantly, big luxury brands are now investing more in the shopping experience in China. FILE PHOTO: A C...
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