Lodgenet Enters China Market With Las Vegas Sands' Corp. Agreement

  • LodgeNet Interactive Corporation
  • 05.16.07
LodgeNet Entertainment Corporation today announced that it has been selected by Las Vegas Sands Corp. (LVS) as its in-room media and guest experience  provider  for  LVS’s  flagship Macao property, The Venetian Macao-Resort-Hotel, which is currently under construction, and LVS’s other current Macao development, the Sands Macao.

These landmark agreements represent LodgeNet’s first entry into the robust China market.

Under the agreements, LodgeNet will create, install and manage customized in-room interactive solutions purchased by LVS, which will include on demand movies and television programming.   The agreements call for LodgeNet to initially deploy services in the 3,000 rooms at The Venetian Macao-Resort-Hotel, a luxury resort that will be the cornerstone of the Cotai Strip development and the 200-plus room Sands Macao.

With the ambitious LVS Cotai Strip growth plan to build more than 20,000 hotel rooms over the next three years, LodgeNet and Las Vegas Sands have also begun discussions to offer the LodgeNet programming and services to the other hotel developments on the Cotai Strip planned for future launch.

“As our first entry into Asia, The Venetian Macao represents an important milestone and a tremendous growth opportunity for LodgeNet,” said Scott C. Petersen, LodgeNet President and CEO.  “We are extremely pleased to have been chosen by the Las Vegas Sands as their inaugural and sole interactive media partner, and entrusted with supporting their spectacular hotel development in Macao.  With our expertise and resources LodgeNet is uniquely positioned to deliver the best in-room interactive experience to meet the needs of the brand’s ambitious vision and growth schedule.”

According to the China National Tourism Association, 125 million foreign visitors traveled to China in 2006. Tourism is expected to increase, especially with Beijing hosting the Summer Olympics in 2008, spurring demand for hotel rooms with cutting-edge entertainment, information and guest-connectivity services.

“Demand for hotel rooms with five-star amenities is growing at a significant rate in China,” said Mr. Petersen. “There is a tremendous opportunity for LodgeNet to further expand in this region as it continues to grow. We believe that our focus on developing solutions that help hotel guests to stay connected, informed and entertained positions us well for the new opportunities that are developing in this exciting growth area.”

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