The next Davos will not be in Davos. 

The World Economic Forum, whose base in the Swiss Alpine ski resort has become shorthand for its annual meetings each January, had already told the executives, environmentalists and world leaders who usually attend that Covid-19 had forced it to push back its next event to May 2021.

On Wednesday the organisation disclosed that it would also move its meetings to a lower altitude setting.

The WEF, founded by Klaus Schwab 50 years ago, has chosen two sites on opposite sides of Lake Lucerne, between which dignitaries willing to resume face-to-face networking will shuttle by boat and funicular railway. 

Big public meetings will take place at KKL Luzern, the Lucerne Culture and Congress Centre in the town. Smaller workshops will be at Bürgenstock Resort, a 383-room hotel and spa 500 metres above the lake which bills itself as “compact and secure” and was

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  • The World Economic Forum’s flagship Davos summit might be cancelled for 2021, according to a report in the Swiss media.
  • Originally, the event was scheduled to take place from January 26-29 but was postponed to “early next summer” because of the COVID-19 pandemic.
  • A WEF spokesperson told swissinfo.ch that the organization is not “communicating on this topic for the time being, because no decision has yet been made.” Further information is expected in the coming weeks.
  • The event’s cancellation would cause massive losses to businesses in Davos as it contributes millions of francs annually to the Swiss economy.
  • Visit Business Insider’s homepage for more stories.

The World Economic Forum’s flagship summit in the Swiss ski resort of Davos might just be cancelled in 2021, according to a report from Swissinfo.ch.

The four-day conference, which brings together politicians, plutocrats, celebrities and activists, was first expected to be

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Davos, the annual gathering of the rich and powerful in the Swiss mountains, will be delayed next year due to the ongoing impact of the COVID-19 pandemic.

The World Economic Forum (WEF) said in a statement on Wednesday that its annual meeting, as Davos is officially known, would be delayed until summer 2021. The event had been due to take place in January.

“The decision was not taken easily, since the need for global leaders to come together to design a common recovery path and shape the ‘Great Reset’ in the post-COVID-19 era is so urgent,” Adrian Monck, managing director of public engagement at the World Economic Forum, said in a statement emailed to media.

“However, the advice from experts is that we cannot do so safely in January.”

The World Economic Forum will hold a “high-level” digital event will take place on the week of 25 January. Details of

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From left to right, Zhu Min, deputy managing director of the International Monetary Fund (IMF), Haruhiko Kuroda, governor of the Bank of Japan (BOJ), Christine Lagarde, president of the European Central Bank (ECB), Steven Mnuchin, U.S. Treasury secretary, Olaf Scholz, Germany’s finance minister, and Kristalina Georgieva, managing director of the International Monetary Fund (IMF), attend a panel session on the closing day of the World Economic Forum (WEF) in Davos, Switzerland, on Friday, Jan. 24, 2020.

Bloomberg

The World Economic Forum announced Wednesday that it decided to postpone its upcoming annual meeting in Davos, Switzerland, due to safety concerns and in an effort to slow the spread of Covid-19.

The meeting, originally scheduled for January in the Alpine ski resort, will be rescheduled to “early next summer,” according to Adrian Monck, managing director of public engagement at the Forum.

“The decision was not taken easily, since the need for global

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The World Economic Forum, which is a smattering of “masters of the universe,” including Bill Gates, George Soros, Chancellor Angela Merkel, President Donald Trump and others, will likely be virtual this year for the first time ever.

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People with direct knowledge of the matter tell FOX Business the forum, in which celebrities hobnob with some of the world’s cerebral economists and investors, in Davos, Switzerland annually, is moving toward having an entirely virtual conference in 2021 amid the global COVID-19 pandemic.

The Davos Congress Centre at the World Economic Forum in Davos, Switzerland. (AP Photo/Markus Schreiber)

A final decision on the conference is expected to be made by the end of the month these people add. A WEF spokesman did

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