LodgeNet Announces Accelerating Adoption of Envision Platform at Sidoti & Company Conference

Published on Monday, 09 January 2012 10:19 Written by TradersHuddle Staff

40,000 Envision Rooms Now Under Contract

NEW YORK, Jan. 9, 2012 /PRNewswire/ -- LodgeNet Interactive Corporation (NASDAQ: LNET), the leading provider of interactive media and connectivity services to hospitality and healthcare businesses and the consumers they serve, today announced the accelerating adoption of its cloud-connected HD Envision(TM) platform.  The interactive media platform was introduced in 2011 and delivers the best in entertainment, essential hotel services and valuable guest information.  The Company announced that the demand for Envision has doubled in the last 3 months to 40,000 rooms under contract. 

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"LodgeNet's Envision platform is rapidly becoming the industry standard for a dynamic interactive television experience," said LodgeNet Chairman and CEO Scott C. Petersen today while speaking at the Sidoti & Company Micro Cap Conference being held at the Grand Hyatt hotel in New York. "Not only are more hotels adopting our Envision system, hotel owners in more than a third of these rooms are contracting for  our Advanced Envision "apps" to deliver a truly memorable guest experience in their hotel, with monthly subscriptions totaling over $3 per room. Our growing portfolio of apps continues our diversification efforts as we expand our high margin, software as a service revenue.  Our hotel partners appreciate our ability to deliver and activate apps at their properties with no incremental capital investment."

Envision presents guests with a suite of apps inviting them to readily access hotel and local information, order room service or check weather and review flight details. A wide range of HD entertainment is also available, including the best still-in-theater Hollywood movies and much more.   Envision powered hotels include marquee properties under the Four Seasons, Hilton, Hyatt, Joie de Vivre, Kimpton, Marriott and Starwood brands.

"Envision provides a unique Internet-connected TV experience that is driving consumer interactive usage by more than three fold over our prior platform," continued Petersen. "It expands the services we provide to travelers, creating new revenue streams and providing hotels with a powerful tool to enhance their guest communications and engagement."

About LodgeNet

LodgeNet Interactive Corporation is the leading provider of interactive media and connectivity services to hospitality and healthcare businesses and the consumers they serve. Recently named by Advertising Age as one of the Leading 100 US Media Companies, LodgeNet Interactive serves approximately 1.7 million hotel rooms worldwide in addition to healthcare facilities throughout the United States. The Company's services include: Interactive Television, Broadband, Mobile and Advertising Media Solutions along with nationwide technical and professional support services. LodgeNet Interactive Corporation owns and operates businesses under the industry leading brands: LodgeNet, The Hotel Networks and LodgeNet Healthcare. LodgeNet Interactive is listed on NASDAQ and trades under the symbol LNET. For more information, please visit www.lodgenet.com. 

SOURCE LodgeNet Interactive Corporation