LodgeNet Announces High-Definition Milestone at Noble Financial Conference

Published on Tuesday, 17 January 2012 09:48 Written by TradersHuddle Staff

HOLLYWOOD, Fla., Jan. 17, 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, is announcing that its high-definition interactive television (iHDTV) systems have now surpassed the 300,000 room mark.  

(Logo: http://photos.prnewswire.com/prnh/20080115/AQTU120LOGO)

"The fourth quarter was our strongest quarter for iHDTV room growth during 2011, surpassing the 300,000 room milestone by year's end," said LodgeNet Chairman and CEO Scott C. Petersen.  "With the accelerating adoption of Envision™, our newest iHDTV platform, the overall size of our iHDTV room base will likely increase by over 30% during 2012 alone."

"We realize a significant increase in revenues when our hotel customers transition to iHDTV," continued Petersen.  "For example, our installed iHDTV rooms are generating 60% more revenue than our analog rooms.  Hotels are buying more TV programming and guests are buying more on demand entertainment with high-definition systems.  Since 80% of our hotel customers have yet to upgrade to iHDTV, this transition represents a great opportunity and solid growth driver for us over the next several years."

Petersen will be presenting today, January 17, 2012 at 12:30 pm EST, at the BOCEMb Noble Financial Capital Markets' Eight Annual Equity Conference being held at the Seminole Hard Rock Hotel in Hollywood, Florida.  A live webcast of the presentation can be found on the LodgeNet homepage at www.lodgenet.com.  Replays will remain available for two weeks after the actual presentation date.

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