News for the Hospitality Executive
KoolConnect Reduces Cost of Industry-leading HDVOD Solution
System now offers not only the
greatest array of guest features in in-room entertainment,
but also the most-lucrative business models and highest returns to host properties
BOSTON, MA – NOVEMBER 3RD 2008 – Although it’s being predicted that 2009 will be a challenging time for the cyclical hospitality industry, hoteliers are nonetheless finding the need to invest in new technologies to ensure that they remain competitive. HD is at the top of that list and fortunately, costs have come down for HDTVs, free-to-guest HD services and now, HDVOD as KoolConnect Technologies, the leader in HDVOD, has made a breakthrough in technology that makes this “must have” service not only affordable, but also a bigger contributor to a hotel’s bottom line.
“We invented HDVOD in 2003 and at the time, as is true with any first-generation technology, the costs were prohibitive for most hotels,” said KoolConnect CEO Dave Tahan. “It’s amazing how far the technology has come. Earlier this year, we introduced Intrigue 3.0, our third-generation HD solution and the cost of that system is almost 75% less than the first HD system we installed just five years ago,” he added.
Ironically, KoolConnect has reduced the cost of HDVOD while also adding features to their solution. Intrigue 3.0 now includes not just a wide array of movies (many still in theatres and several in full HD quality), but also complete customization for the host hotel as well as a number of features to help guests better enjoy their in-room experience and for the hotel to better serve and communicate with their guest while in-room.
Although proud of the new features inherent in the solution, Tahan prefers to highlight the economics. “Intrigue 3.0 is certainly a very upscale solution and definitely has a very positive impact on guest satisfaction,” he said. “But with budgets tight, it’s not enough for hotels just to look at the qualitative benefits, they also have to look at the bottom line. Under our main business model, hotels keep 100% of the net revenues from the system. And with increased take rates from HD content and lower costs of ownership, the solution not only funds itself, but will provide properties with a tidy profit,” he continued.
“KoolConnect’s ability to keep costs down means virtually no hotel is too small to afford the best hospitality system on the market” Tahan concluded. “Not only are costs down, but system performance has never been better, and KoolConnect is primed to become the industry leader in this competitive market.”
For hotel operators facing an uncertain 2009, being able to meet the need for HD with a solution that both enhances the in-room experience and also increases their profits has to be an attractive proposition.
About KoolConnect Technologies
|Also See:||KoolConnect Launches "Mystery Shop Intrigue" at Select Hotels; Campaign brings complimentary HD VOD viewing to hospitality’s leading hoteliers / Setpember 2008|
|Industry Leaders Make Breakthrough in In-room Mobile Media Viewing; KoolConnect Creates Convenient TV-Screen Prompts To Enhance the Ease of Use of TeleAdapt’s Passive MediaHubs / September 2008|
|Industry Leaders Band Together to Form HDVODINABOX Consortium; Best of breed partners team to educate the hospitality industry on enhanced alternatives available for providing High Definition in-room entertainment / June 2008|
|KoolConnect Brings Interactive Video On-Demand Applications to Intrigue / April 2008|
|New York's Acclaimed Michelangelo Hotel Selects KoolConnect For Digital In-Room Entertainment; Property rated by Travel & Leisure Magazine as one of the top 500 Greatest Hotels of the World brings next generation of entertainment to Manhattan / February 2007|
|Top Ten Gadgets On The Savvy Traveler's Christmas Wish List / December 2006|
|KoolConnect Launches New Era of Luxury Media Solutions at Mandarin Oriental Hong Kong; Industry leading Intrigue™ HDVOD solution adds new IPTV, PVR and Bang & Olfsen theater system integration features for hotel guests / November 2006|
|KoolConnect Appoints Leading Studio Expert Suzanne Rainey as Vice President of Content / October 2006|
|KoolConnect Appoints Award-Winning Entertainment Technology Executive Chet Smith as Chief Technical Officer / August 2006|
|KoolConnect Discloses Influx Of Significant Amounts of New Investment Capital / August 2006|
|KoolConnect Promotes Dave Tahan to C.O.O. ; Longtime Video on Demand and Studio Releations Expert's Position Elevated to Top Executive Role / August 2006|
|KoolConnect Reports “Huge” Interest in IPTV and PVR at HITEC 2006 / July 2006|
|KoolConnect Acquires VOD Operations of Entertainment Media & Telecom Corporation Ltd. / November 2005|