Join iPMI Global Round Table: International Medical and Travel Assistance Strategies 2024

This upcoming closed door executive iPMI Global round table, looks at the opportunities and challenges in the international medical and travel assistance market in 2024.

Travel & Tourism Set to Break All Records In 2024

The World Travel & Tourism Council (WTTC) has forecast a record-breaking year for Travel & Tourism in 2024, with the sector’s global economic contribution set to reach an all-time high of $11.1 trillion.

According to the global tourism body’s 2024 Economic Impact Research (EIR), Travel & Tourism will contribute an additional $770BN over its previous record, stamping its authority as a global economic powerhouse, generating one in every 10 dollars worldwide.

As the global sector soars past its pre-pandemic prosperity, WTTC expects 142 countries of 185 analysed will be outperforming previous national records.

International visitor spending is expected to come within touching distance of the 2019 peak, to reach $1.89TN, while domestic tourists are forecast to spend more than in any year on record to hit $5.4TN.

Passenger Demand Up 21.5% in February

IATA released data for February 2024 global passenger demand with the following highlights:

Total demand, measured in revenue passenger kilometers (RPKs), was up 21.5% compared to February 2023. Total capacity, measured in available seat kilometers (ASK), was up 18.7% year-on-year. The February load factor was 80.6% (+1.9ppt compared to February 2023).

International demand rose 26.3% compared to February 2023; capacity was up 25.5% year-on-year and the load factor improved to 79.3% (+0.5ppt on February 2023).

Domestic demand rose 15.0% compared to February 2023; capacity was up 9.4% year-on-year and the load factor was 82.6% (+4.0ppt compared to February 2023).

Increased Travel and Tourist Numbers Demand International Medical and Assistance Strategies

As Travel and Tourism numbers bounce back, the demand for international assistance increases.

All regions showed double digit growth for international passenger markets in February 2024 compared to February 2023. For the first time, demand for international services exceeded pre-pandemic levels (+0.9% compared to February 2023). This, however, is skewed by February 2024 being a leap-year with an extra day compared to February 2023.

Asia-Pacific airlines saw a 53.2% year-on-year increase in demand. Capacity increased 52.1% year-on-year and the load factor rose to 84.9% (+0.6ppt compared to February 2023), the highest among all regions.

European carriers’ saw a 15.9% year-on-year increase in demand. Capacity increased 16.0% year-on-year, and the load factor was 74.7% (flat compared to February 2023).

Middle Eastern airlines saw a 19.7% year-on-year increase in demand. Capacity increased 19.1% year-on-year and the load factor rose to 80.8% (+0.4ppt compared to February 2023).

North American carriers saw a 16.0% year-on-year increase in demand. Capacity increased 17.6% year-on-year, and the load factor fell to 77.7% (-1.1ppt compared to February 2023).

Latin American airlines’ saw a 21.0% year-on-year increase in demand. Capacity climbed 18.6% year-on-year. The load factor rose to 84.2% (+1.7ppt compared to February 2023).

African airlines’ saw a 20.7% year-on-year increase in demand. Capacity was up 22.1% year-on-year. The load factor fell to 74.0% (-0.8ppt compared to February 2023).

This RT looks at:

·???????? The International Assistance Market Post COVID-19

·???????? International Assistance 2024 Challenges

·???????? International Assistance 2024 Opportunities

·???????? Preventative Assistance Services

·???????? Evacuation And Repatriation Strategies

·???????? Technology Adoption in the International Assistance Market

·???????? International Medical Facilities and Network Quality

·???????? Travel Risk Management and Assessments

·???????? Cost Avoidance and Cost Containment

·???????? Medical Centres of Excellence

You can read previous iPMI Global RTs here: https://ipmiglobal.com/ipmi-roundtables

How to Apply for a Seat at the Table

Positions are strictly limited. To apply for a seat at the table contact Christopher Knight, CEO, iPMI Global: ipmi[at]ipmimagazine.com

Please include company information and any relevant documents about the business.

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