Innovation

📈 Over 80% of generative AI projects fail, doubling the average failure rate for tech projects, according to a Rand Corporation study interviewing 65 data scientists. The study identifies five main failure causes and offers best practices. Key failures include misunderstanding the problem, lack of data for training models, and inadequate infrastructure. Success requires clear problem definition, proper data and tools, and long-term commitment. Understanding AI's limitations is crucial for project leaders.

✈ The Lufthansa Group, through its Lufthansa Innovation Hub, celebrates its 10th anniversary this summer and introduces "Startup Gate" to foster collaboration with startups. Since the early summer launch, four partnerships have been formed, including a significant one between Lufthansa Ground Operations and robotics startup Ottomy at Munich Airport. The hub has also developed Pendle, a machine learning project to cut food waste on flights, and Cosmos, a spin-off company working to improve airline and ground service provider collaboration.

🏠 SysPay, payment services provider, collaborates with Happy Rentals, a top European vacation rental management company, to enhance the rental experience. This partnership leverages SysPay's custom payment solutions to streamline transactions. Since 2007, Happy Rentals has managed thousands of exclusive properties and welcomed over a million guests. The SysPay all-in-one payment solution, implemented since 2011, meets the luxury rental and hospitality industry's needs, ensuring secure, seamless transactions.

🏖 Hilton announced the signing of the Hilton Georgetown and DoubleTree Suites by Hilton Georgetown, marking the company's first presence in Guyana. Owned by an Assets Group subsidiary and managed by Hilton, the combined 411 rooms will be part of a mixed-use business and entertainment complex on the waterfront in the country's capital. With this strategic move, Hilton continues its rapid expansion in the Caribbean and Latin America, where it currently operates over 225 hotels. In the coming years, Hilton aims to enter eight new countries and territories in the region, including Bermuda and Paraguay in 2024 and Guyana in 2027. The 11-story Hilton Georgetown will offer 253 premium rooms and suites, featuring a lobby bar and a signature restaurant with local-inspired cuisine. The DoubleTree Suites by Hilton Georgetown will feature 158 contemporary suites designed for comfort and connectivity. Hilton's investment reflects confidence in Guyana's significant growth and promising future in tourism and hospitality.

❄ The Royal Monceau - Raffles Paris introduces an advanced wellness offering with its new cryotherapy experience starting September 2. The ICE X 2 cryotherapy chamber by Cryojet System France joins the luxury services at the Palace, providing 15-minute sessions including up to 3 minutes of extreme cold exposure. Cryotherapy is known for therapeutic benefits, aiding muscle recovery, reducing inflammation, and improving skin quality. The experience is set in the tranquil and luxurious Spa Clarins & myBlend within the hotel.

🏦 "L’Hôtel des Grands Voyageurs," located in Paris, presents two new ultra-design meeting rooms and a privatizable Poppy bar designed by Fabrizio Casiraghi. The Parisian hotel boasts 138 rooms, evoking a private art collector's home, and merges 30-40s elegance with the adventurous spirit of explorers. It now offers two new professional event spaces named PARIS and NEW YORK, spanning a total of 110m2 and accommodating up to 50 people.

📈 HubSpot has launched a free tool, AI Search Grader, using OpenAI technology to evaluate a brand's visibility on AI generative search engines like ChatGPT. It rates "brand sentiment" on a scale of 80, with higher scores indicating positive perceptions. The tool compares brands against competitors and offers improvement tips. The Louvre museum, analyzed by Muséovation founder Elisabeth Gravil, scored 53/80, while the British Museum scored 70 for its clear, detailed content.

✈ The Aéroports de Paris group forecasts technological advancements in the aviation sector by 2050, focusing on sustainability. They've invested $20 million in SAF producer LanzaJet and joined forces with Air Liquide for hydrogen projects in airports. Flying taxis, like those from Volocopter, are expected to pollute less than ground transportation. Cochin Airport, India, will be the first solar-powered airport, while ADP sources 10% of its annual electricity needs for three Parisian platforms from solar farms in southern France. Smart Airport Systems developed an autonomous vehicle reducing aircraft ground movement carbon footprint by 5-20%. The EASA-certified Pipistrel Velis Electro electric plane is set for training use, with electric aircraft predicted to handle 25% of European traffic under 500 km by 2040. Startups are addressing airport waste through tracking and biodegradable solutions, and ISB Global has implemented waste management sensors in UK airports.

🏨 Digise specializes in custom multimedia solutions for the hospitality sector, enhancing guest experiences with personalized welcome messages, services tailored to guest preferences, high-quality televisions from top brands, a wide range of foreign TV channels, and Chromecast for streaming personal content.

🏨 Pleyel Investissement and Groupe Liberg opened the first phase of Paris Pleyel Business Resort, the H4 Hotel Wyndham and its conference center, following a 50-month transformation of the historic Pleyel office tower initiated in 2016. The project spans 85,000 m2, featuring two new office blocks of 18,000 m² each, France's first hotel tower in 50 years with 697 4-star rooms and suites, a 10,000 m2 conference center able to host up to 2,600 people, 16 seminar rooms, 4 restaurants, a skybar, a rooftop pool, panoramic bar, and a gym at over 130 meters high. Environmental considerations included removing 740 tonnes of asbestos and managing up to 1,000 workers at peak times.