Webster Pacific study: luxury retail markets predicted to be most negatively impacted by COVID-19

A recent study by boutique consulting firm Webster Pacific has revealed that luxury retail markets will be the most negatively impacted by coronavirus. COVID-19 has dramatically impacted tourism and, in particular, international tourism. Certain luxury retail markets are more dependent upon tourism than others. Webster Pacific's study predicts that the luxury retail markets most negatively impacted by the coronavirus pandemic will be those markets with the greatest presence of luxury retail and the greatest international tourism per capita which include Miiami, Honolulu, and Las Vegas.