HKTDC Watch & Clock Fair Draws 17,500 Buyers, a 4.5-percent Increase

September 24, 2012

The five-day HKTDC Watch & Clock Fair ended in early September, with more than 17,500 buyers participating, up 4.5 percent, compared with last year.

Some of the increases came from emerging market buyers that were up significantly, including Iran (up 32 percent), the Chinese mainland (up 17 per cent) and Russia (up 17 percent).



The Hong Kong Trade and Development Council commissioned an independent market survey agency, Actrium Solutions (HK) Ltd, to conduct a survey during the first three days of the fair.

The company interviewed 349 exhibitors and 759 buyers onsite to get their views on such issues as market prospects, product trends and purchasing methods.



The survey found that 75 percent of buyers and 70 percent of exhibitors said they expect better or similar business prospects in 2013.

At the same time, 71 percent of exhibitors and 64 percent of buyers expect production and purchasing costs also will likely rise next year, due to increasing labor costs.



Both groups feel that the China market will remain robust, and are striving to tap this new market. They are also interested in such emerging markets as ASEAN, Central America, Russia, India and the Middle East.



“Seeing relatively higher demand for luxury goods in both the China and Middle East markets, we believe they will be interested in our brand products,” said Iris Chan, marketing manager of Memorigin Trading Company, a Hong Kong exhibitor specializing in the design and manufacture of Tourbillon Watches.



She added that the company plans to explore the Chinese mainland and Middle East markets. “We consulted with five to six Middle Eastern buyers during the first three days of the fair and further negotiations will be arranged,” Chan said.



Exhibitors that have set up factories on the mainland said the costs of labor, land, raw materials, taxation and government charges have increased during the past three years and that they would be forced to raise their prices.



Responding about market trends, those who were surveyed thought that fashion watches would have the best growth potential, while quartz analogue watch and metals watch dial would be best received by the market.

They expect that industry players will develop watch products under brand licensing. The majority of responding buyers (74 percent) are not agents for brand watches, but 30 percent of them plan to be.



Graham Emmott, an Australian buyer, who owns a local retail shop, thought the show’s Small-Order Zone was a very good idea.

“It’s flexible. It helps test market responses and facilitates inventory management,” Emmott said. He located several suppliers willing to accept small orders, and placed a number of orders for brand watches at the fair.



The Hong Kong Watch and Clock Fair, which ran Sept. 5-9 at the Hong Kpn Convention and Exhibition Centre, brought together 720 exhibitors from 12 countries and regions. It was organized by the HKTDC, the Hong Kong Watch Manufacturers Association Ltd, and The Federation of Hong Kong Watch Trades and Industries Ltd.

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Less than six months ago, Lisa Messina joined the Las Vegas Convention and Visitors Authority (LVCVA) as the first-ever chief sales officer after leading the sales team at Caesars Entertainment. A 12-year Las Vegas resident, Messina is a graduate of Cornell University’s School of Hotel Administration and serves on MPI International’s board of directors. TSNN had a chance to catch up with this dynamic leader and talk to her about her vision for the new role, current shifts in the trade show industry, creating more diversity and equity within the organization, and advice to future female leaders. Lisa Messina, Chief Sales Officer, LVCVA With Las Vegas becoming The Greatest Arena on EarthTM, what are some of the things you’re most excited about in your role? Our team was at The Big Game’s handoff ceremony earlier this month, and I couldn’t help but think, “We’re going to crush it next year!”  These high-profile events and venues not only drive excitement, but also provide unmatched opportunities for event planners. Allegiant Stadium hosts events from 10 to 65,000 people and offers on-field experiences. Formula 1 Grand Prix will take place in Las Vegas in November, after the year-one F1 race, the four-story paddock building will be available for buyouts and will also offer daily ride-along experiences that will be available for groups. And, of course, the MSG Sphere officially announced that it will open in September, ahead of schedule, with a U2 residency. It’s going to be the most technologically advanced venue as far as lighting, sound, feel, and even scent, and it will be available for buyouts and next-level sponsorships inside and outside. There’s no ceiling to what you can do when you’re doing events in Las Vegas.  Allegiant Stadium As the trade show and convention business returns to the pre-pandemic levels, what shifts are you noticing and how do you think they will impact the industry going forward? Our trade show organizers are very focused on driving customer experience. Most of our organizers are reporting stronger exhibitor numbers and increased numbers of new exhibitors, with trade shows proving to be almost or above 2019 levels. Now our organizers are really doubling down on driving attendance and focusing on the data to provide that individualized, customized experience to help attendees meet their goals and get the best value. Some companies continue to be cautiously optimistic with their organizational spend when it comes to sending attendees, but I think it will continue to improve. As the U.S. Travel Association makes more progress on the U.S. visa situation, we also expect a growing influx of international attendees. What are some innovative ways the LVCVA helps trade show and convention organizers deliver the most value for their events? We focus on customer experience in the same way that trade show organizers are thinking about it. We got rave reviews with the West Hall Expansion of the Las Vegas Convention Center (LVCC), so over the next two years, we will be renovating the North and the Central halls, which will include not just the same look and feel, but also the digital experiences that can be leveraged for branding and sponsorship opportunities.  Vegas Loop, the underground transportation system designed by The Boring Company, is also a way we have enhanced the customer experience. Vegas Loop at the LVCC has transported more than 900,000 convention attendees across the campus since its 2021 launch. 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Scheduled to debut in Q4, Fontainebleau Las Vegas will offer 3,700 hotel rooms and 550,000 square feet of meeting and convention space next to LVCC.  What are some of the plans for advancing DEI (diversity, equity and inclusion) within your organization? We’re currently partnering with instead of working with a leading consulting firm, to lay the foundation and create a solid DEI plan and be the leader when it comes to DEI initiatives. The heart of that journey with the consulting firm is also talking to our customers about their strategic approaches to DEI and driving innovation in this space.  What are your favorite ways to recharge? My husband and I have an RV and we’re outdoorsy people. So, while we have over 150,000 world-class hotel rooms and renowned restaurants right outside our doorstep, one of my favorite things to do is get out to Red Rock Canyon, the Valley of Fire, and Lake Mead. Five of the top national parks are within a three-hour drive from Las Vegas, so there’s a lot you can do. We love balancing the energy of Las Vegas with nature, and we’re noticing that a lot of attendees add activities off the Strip when they come here.  Valley of Fire What advice would you give to women following leadership paths in destination marketing? I think it’s about being laser-focused on what you want to accomplish; building a team around you that lifts you and helps you achieve your goals; and being humble and realizing that you do it as a group. No one gets this done alone. Thankfully, there are a lot of women in leadership in this organization, in our customers’ organizations, and in this city that we can be really proud of. We’re a formidable force that is making things happen.   This interview has been edited and condensed. This article is exclusively sponsored by the Las Vegas Convention & Visitors Authority. For more information, visit HERE.