LodgeNet Interactive (LNET) Reports Accelerating Interactive Media and Connectivity Services
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LodgeNet Interactive Corporation (NASDAQ: LNET) reported continued and accelerating adoption of its new 'four screen' services strategy and its interactive platforms during the first quarter of 2012.
Rooms contracted for Envision, LodgeNet's latest generation, high-definition iTV platform, numbered 71,000 at March 31, 2012 – a 75% increase over year-end 2011. This includes the 7,100 rooms at The Venetian – the largest casino/resort complex in Las Vegas and the company's largest Envision installation – as well as more than 13,000 rooms at over 30 properties in the Omni Hotels & Resorts portfolio.
Scott C. Petersen, Chairman and CEO. "Of the Envision sites installed at quarter's end, more than 40% of the rooms are subscribing to an Advanced App, and those Apps are generating approximately $4.00 of revenue per room per month for us. We are particularly pleased with the high rate of Advanced App adoption because this is a 'software as a service' offering that generates a steady stream of recurring revenues."
Rooms contracted for Envision, LodgeNet's latest generation, high-definition iTV platform, numbered 71,000 at March 31, 2012 – a 75% increase over year-end 2011. This includes the 7,100 rooms at The Venetian – the largest casino/resort complex in Las Vegas and the company's largest Envision installation – as well as more than 13,000 rooms at over 30 properties in the Omni Hotels & Resorts portfolio.
Scott C. Petersen, Chairman and CEO. "Of the Envision sites installed at quarter's end, more than 40% of the rooms are subscribing to an Advanced App, and those Apps are generating approximately $4.00 of revenue per room per month for us. We are particularly pleased with the high rate of Advanced App adoption because this is a 'software as a service' offering that generates a steady stream of recurring revenues."
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