What is worse than risking your life for a Rolex? Risking your life for a cheap knock-off.
I even went one step further before my last trip: Usually my travel watch was an Alpina Alpiner 4, which I bought used for 450$. Do thieves know it was only 450$? No. Does it look nice and shiny enough, that they might get the impression it costs more? Definitely. Do I want to risk anything for this amount of money? Definitely not.
So I bought myself a classic Resin G-Shock.