Page 36 - INTERNATIONAL SOS PR REPORT JANUARY 2024

1/10/24, 4:49 PM Global travel soars amid evolving risk landscape

International SOS data revealed a 59% increase in international travel and 48.4% increase in domestic travel during October 2023. Image
Courtesy: Getty Images/iStockphoto
Global travel soars amid evolving risk landscape

A call for enhanced risk management

Press Release

January 9, 2024

UAE: International SOS, the world's leading health and security risk services company, underscored the
necessity to implement enhanced risk management strategies for travellers and organisations, amid the
increasing international travel. While global travel regained momentum despite significant fluctuations
throughout 2023, the evolving landscape raises concerns about the growing complexity of risks that both

travellers and organisations need to navigate.

International SOS data revealed a 59% increase in international travel and 48.4% increase in domestic
travel during October 2023, as compared to the beginning of the year.1 These findings align with a
recent report from The International Air Transport Association (IATA), emphasising the resurgence of

global travel. According to IATA, global air traffic reached 97.3% of pre-COVID levels at the end of
2023.2 With the holiday season quickly approaching, IATA anticipates that this trend will continue into
the New Year, despite economic and political uncertainties in parts of the world. For instance, the Middle
East region anticipates to witness a substantial uptick in air passenger traffic, indicating a promising
trajectory for 2024. Additionally, the industry forecasts indicate that the volume will reach 105% of 2019

levels, facilitating travel of around 429 million passengers.

https://www.zawya.com/en/press-release/research-and-studies/global-travel-soars-amid-evolving-risk-landscape-qcg8h38m 1/2