Beam-excited transverse wakes in accelerating radiofrequency structures will influence the transverse offsets of each bunch in a multibunch train, causing the projected emittance of the bunch train to grow. An analytic theory of this phenomenon that includes the mitigating influence of a correlated energy spread across the bunch train was recently devised and applied to electron-positron linear colliders. We use the results of this theory to estimate analytically the associated degradation of multibunch luminosity in terms of top-level parameters for the two beams, the two accelerators, and the final-focus system. Then we compare the estimates with results from GUINEA-PIG, a code that includes the detailed physics of beam-beam interactions.