Asia is a big market for leading watch brands, with consumption accounting for 46 per cent of the global value, so there is no reason for the Thai market not to grow.
Watch imports from Switzerland are expected to increase from last year's level. Pendulum distributes several luxury brands, including Breitling, Bvlgari, Franck Muller and Chopard. Distributors of luxury watches in Thailand remain optimistic about the market this year despite the political turbulence and prolonged global economic crisis. 95% of Pendulum's clients are Thais, so the company is less affected by the global economic crisis and political turbulence that has affected the country's tourism industry.