close

CORDER’S COLUMN: Without a vaccine, Switzerland’s spring watch fairs look doomed

corporate

On a week when France and Germany declared new national lock downs, Switzerland is holding onto the hope that it can contain a swell of covid cases this fall with less economically damaging measures.

Daily new cases rose to 9,386 on Monday, almost double the same day last week and the highest on record but, unlike their neighbours, Swiss authorities are holding their nerve and prioritising keeping businesses open.

The country even abandoned quarantine rules for travellers between other European countries this week because they are all facing the same incidence of covid. So far, Switzerland’s only strengthening of measures to limit rising cases of covid has been insisting that mask wearing become mandatory in all enclosed spaces.

Story continues below
Advertisement

However, Switzerland still has a rule that no more than 50 people can gather for business, entertainment or sport. Unless that regulation is relaxed early next year, Watches & Wonders Geneva in early April and the simultaneous event for Rolex, Patek Philippe, Chopard, Chanel and Tudor will have to be delayed.

HourUniverse, a show created by Baselworld owner MCH Group, and due to take place from April 8 to 12, would be another casualty. As would any events in the spring for the likes of LVMH, Swatch Group and Japan’s Seiko/Grand Seiko and Citizen Watch Company.

Realistically, only a globally available vaccine can now save these shows, and it may be too late even for that.

Massive exhibitions like those planned for Geneva are a year in the making.

The Geneva shows have the advantage that the brands participating are already locked in, but these are brands that want certainty about their calendar for the next 12 months, not another period of guesswork. MCH Group’s HourUniverse is starting from scratch.

HourUniverse faces a much tougher task of selling exhibition space right now as infection rates rise around us.

My hunch is the world’s major watchmakers will make the decision within weeks to take back control, and their only decision will therefore be to withdraw from global, mass participation, events for the whole of next year.

I do not think this year’s digital events have come close to generating the excitement and demand generation of a Baselworld or SIHH. That does not mean they have failed. In the circumstances, any light or heat these virtual launches generated was a plus, but I am sure the watch industry, like professional sport, cannot thrive until it is back in front of a crowd.

I expect 2021 to be a year when the nimble and fleet of foot event management businesses outperform the juggernauts that are less responsive.

In-country events for domestic audiences will thrive. They are smaller and less expensive to run and participants can sign up with comparatively little financial risk.

With the near certainty that the spring shows cannot proceed, marketing teams in Switzerland should be embracing the opportunities that these domestic shows present.

Leave a Response

Tags : Corder's ColumnHourUniverseWatches & Wonders Geneva
Rob Corder

The author Rob Corder