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Saturday, June 21, 2008

LodgeNet Interactive Corporation joins with LG, Philips and Panasonic

LodgeNet Interactive Corporation (NASDAQ:LNET), a leading media and connectivity solutions provider in the USA, has joined with LG Electronics, Philips and Panasonic for providing a more HDTV solution for hoteliers. Under the partnership, the above mentioned companies will provide HDTV with “plug-and-play” system designed by LodgeNet. This will lower hotel owner’s total solution cost, enable faster room openings, shorten the time of rooms out of service, and enhance total system performance. Trading Markets.com reports:

LodgeNet explained that HD Built-In TVs come "out of the box" with the ability to support Pro:Idiom encrypted HD free-to-guest (FTG) and video on demand (VOD), and are compatible with LodgeNet and/or legacy OnCommand systems so hoteliers do not need to purchase any additional hardware or software. This approach to HD means that hoteliers won't need to make additional room visits to install FTG or VOD interface hardware, and they can be confident of full system compatibility from day one. These integrated TVs can reduce a hotelier's total solution cost by eliminating additional room visits for installation and reducing the hardware requirements from FTG and VOD service providers.

With these new plug-and-play television sets, hotel owners will be able to generate more income from new construction properties by opening new rooms faster and reduce the revenue loss from properties undergoing renovations or a brand refresh. Scott C. Peterson, President and CEO of LodgeNet said that working with these world-class manufacturers to offer the HD Built-In and HD Certified TV program was a win in every way for their hotel customers.

LodgeNet Interactive Corporation provides its media and connectivity solutions to hospitality, healthcare and other guest-based businesses.

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