Change your time zone
When you change the time zone setting in Outlook, all Calendar views are updated so that they display the new time zone, and all Calendar items reflect the new time zone.
Click the File tab.
Under Time Zones, type a name for the current time zone in the Label box.
In the Time zone list, click the time zone that you want to use.
When you adjust time zone and daylight saving time settings in Outlook, Windows clock settings are also adjusted, so the email times are adjusted as well.
When Outlook is set to a time zone that observes daylight saving time, the clock adjusts for daylight saving time by default. You can turn off the adjustment. However, this is not recommended.
Some time zones do not have daylight saving time. When Outlook is set to time zone that doesn’t observe daylight saving time, such as Arizona in the United States, the daylight saving time adjustment cannot be turned on.
You can even add a second time zone to assist in keeping track of meetings.
Add a second time zone
Two separate time zones can be displayed in the Calendar. The two time zones can be, for example, your local time zone and the time zone of a city that you often travel to. The second time zone is used only to show a second time bar in Calendar view, and does not affect the way in which Calendar items are stored or displayed.
Click the File tab.
On the Calendar tab, under Time Zones, select the Show a second time zone check box.
In the Label box, type a name for the additional time zone.
In the Time zone list, click the time zone that you want to add.
If you want your computer clock to automatically adjust for daylight saving time (DST) changes, select the Adjust for daylight saving time check box. This option is available only in time zones that use daylight saving time (DST).
Now, when you set this second time zone, it puts a column on the left hand side of the calendar when you view it in week or day mode. Unfortunately, it does not add the second time zone the month view. The screen shot I provided below shows what my calendar looks like when viewing a week at a time.