Lufthansa Innovation Hub turns two: A look back at 2016

The Lufthansa Innovation Hub was set up 2015 as an answer to fast-moving developments in the global travel tech scene. Its mission is to recognize travel-related digital developments and the underlying business opportunities at an early stage to harness these commercially for Lufthansa Group within a short period of time.

During the course of 2016 Lufthansa Innovation Hub once again interacted with innovative travel startups, entrepreneurs and investors across the world and worked on new digital business models which make life easier for travelers.

The year was marked by exciting developments in the travel tech scene, new prototypes, products which are being grown step-by-step and by great feedback which the Lufthansa Innovation Hub was happy to receive. In this annual review some of the milestones achieved have been briefly summarized.

What we’ve worked on: Travel, Tech and Startups

Travel Tech takes off: Every working day a new travel startup is founded

active travel startups worldwide

check Around 250 startups founded per year

After a record high of $5.2 billion in 2015 the last year also saw massive investments in travel startups

2016 across the globe Venture Capitalists
invested $3-3.5 billion in travel startups

Investors increasingly rely on three hot verticals:

Technologies that will change travel fundamentally

Artificial Intelligence especially for travel assistance services

Virtual Reality as a complement and substitution of travel experiences

Machine & Deep Learning e.g. for flight price forecasts

How we have tackled things: Being entrepreneurial, fast and eager to experiment

Prototypes: We pilot new business models on a small scale before we let them take off

Every new business model starts as a prototype that we quickly validate by learning from users directly

We systematically developed over 80 new business opportunities

6 new prototypes launched in the following areas

Products: Travel is getting better – and we are working to improve it further

Our
flagship projects:

Lufthansa API: We have opened the Lufthansa data world to startups so new things can grow

How we have positioned ourselves: Between the startup ecosystem and Lufthansa Group

Entrepreneurial know-how meets airline and travel expertise

employees at the core of Lufthansa Innovation Hub, of which 4 are from Lufthansa and 10 from the startup ecosystem

A network of more than 30 experts from the areas of product development, online marketing, business intelligence and market research support us regularly

We are already there where tomorrow's travel is envisioned

Systematic trend and startup scouting worldwide, e.g. by our team at

conferences in 13 countries

We share our knowledge and learn from others

The Good Times: Press, awards and another three years

A lot of good news in the international press

potentially reached readers

More than 50 reports in the press concerning the Lufthansa Innovation Hub

Articles featured in publications such as Handelsblatt, WirtschaftsWoche, Berliner Morgenpost, Hamburger Abendblatt, USA Today, tnooz, W&V, Condé Nast Traveler, fvw, n- tv, rbb and many more

Outstanding!

Green light for the next three years

After a successful debut the Board of Lufthansa Group has approved the further development of the Lufthansa Innovation Hub over the next three years

Imprint 2017 - Lufthansa Innovation Hub GmbH

Company headquarter:
Lufthansa Innovation Hub GmbH
Rosenthaler Str. 32
10178 Berlin
Deutschland

Phone: +49 (0)30 443 235 66
E-Mail: [email protected]
Internet: www.lh-innovationhub.com

Managing Director: Holger Schneider

HRB 164221 B, Amtsgericht Berlin-Charlottenburg
Umsatzsteuer-ID: DE299793083
HRB 164221 in the commercial register at the Amtsgericht Berlin (Charlottenburg)
VAT identification number: DE299793083

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