Page 64 - INTERNATIONAL SOS PR REPORT JANUARY 2024

1/10/24, 4:50 PM Global Travel Soars Amid Evolving Risk Landscape: A Call for Enhanced Risk Management | Web Release

Busy Airport Terminal: Handsome Businessman Working on Laptop Computer While Waiting for His Flight. People Sitting in a Boarding
Lounge of Big Airline Hub with Airplanes Departing and Arriving

BUSINESS

Global Travel Soars Amid Evolving Risk Landscape: A Call For

Enhanced Risk Management

By Editor_wr Last updated Jan 9, 2024

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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
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October 2023, as compared to the beginning of the year. These findings align with a recent report from The
International Air Transport Association (IATA), emphasising the resurgence of global travel. According to IATA, global

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air traffic reached 97.3% of pre-COVID levels at the end of 2023. 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

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