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“The number would be so low that the city would be better off waiting,” said Louis Tomaselli, the Irvine-based executive managing director of JLL, a real estate and investment management firm.

This will have a knock-on effect on prices, and recruitment, said Mark Slade, its managing director.

Mr Whale told it that "the level of maturity I possessed as an individual at this time was clearly not one capable of managing the responsibility of the situation I had been placed in".

International airlines such as Qatar Airways and Singapore Airlines have been offering luxury experiences for much longer, said Savanthi Syth, managing director of global airlines and advanced air mobility at financial services company Raymond James.

“Nobody’s going to win from the tariffs. Everybody’s going to lose, but some companies will lose more than others,” said Ilhan Geckil, an economist and managing director at Anderson Economic Group.