Page 49 - INTERNATIONAL SOS PR REPORT JANUARY 2024

1/10/24, 4:50 PM Latest News

Global Travel Soars Amid Evolving Risk

Landscape: A Call for Enhanced Risk Management

10/01/2024

UAE, January 9, 2024

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

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