LodgeNet to Participate in Piper Jaffray TMT Conference

  • LodgeNet Interactive Corporation
  • 11.11.10
LodgeNet Interactive Corporation (Nasdaq: LNET), a leading provider of media and connectivity solutions to hospitality and healthcare businesses, will participate in the Piper Jaffray Technology, Media & Telecommunications Conference taking place this week in New York.

During his presentation on Wednesday, November 10, chairman and CEO Scott C. Petersen highlighted progress on the company's strategic growth initiatives centered on delivering high-definition interactive television services and broadband Internet connectivity to major hotels throughout North America.

"Our current base of more than 1.8 million guestrooms and the 500 million travelers we reach annually is a highly strategic asset for our company," says Petersen. "Given that we deliver the best screen into the room in a world of exploding interactivity and connectivity, we are clearly focused on leveraging these trends into highly meaningful growth opportunities for our company. Our revenue diversification initiatives in hospitality and healthcare are delivering strong growth trends and continue to expand their share of our total revenue. Hotels are beginning to accelerate their transition to high definition television as the travel economy recovers, which will drive our growth opportunity. HDTV installations in the fourth quarter will be more than double that of the third quarter, and we expect next year's HDTV growth to be triple the growth rate of 2010."

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