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21 August 2002

Audio Interview with Trip McCoy - Bear Stearns & Co., discusses recent report: Web Storm Rising - Hotels Face Increasing Pressure on Rate as Web Bookings Increase

Bear Stearns & Co., analyst Trip McCoy joined us to discuss his company's recent report: Web Storm Rising - Hotels Face Increasing Pressure on Rate as Web Bookings Increase (Bear Stearns & Co. Inc.). The report discusses the tremendous growth on online travel bookings. Trip spends a few moments to explain the business models in use by travel sites and how it could adversely affect the hotel business. What's good for the consumer may not be good for the industry.


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Web Storm Rising - Hotels Face Increasing Pressure on Rate as Web Bookings Increase (Bear Stearns & Co. Inc.)

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Founded in 1923, Bear, Stearns & Co. Inc. is a leading worldwide investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. [NYSE: BSC] . With approximately $24.8 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide.

The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers prime broker and broker dealer clearing services, including securities lending. Headquartered in New York City, the company has more than 11,000 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, San Francisco and San Juan; and an international presence in Beijing, Buenos Aires, Dublin, Hong Kong, London, Lugano, Sao Paulo, Seoul, Shanghai, Singapore and Tokyo.

Kevin Heilbronner is the US Editor for hsyndicate.com, wiredhotelier.com and hospitalitynet.org, providing content for these websites in the form of articles and both audio and video interviews. Based outside of Washington DC, Heilbronner has worked with Hospitality Net to conduct interviews at several hospitality trade shows in the US and Europe over the last year. A familiar voice in Washington, DC, Heilbronner is the stadium announcer for the NBA's Washington Wizards, WNBA's Washington Mystics, WUSA's Washington Freedom and DC United of MLS. He resides in Centreville, VA and can be reached via kevin@hsyndicate.com.

RELATED DOCUMENT

Web Storm Rising - Hotels Face Increasing Pressure on Rate as Web Bookings Increase (Bear Stearns & Co. Inc.)
THE EXPLOSION OF ONLINE TRAVEL BOOKINGS. Most recently, usage of Internet travel sites has exploded and is estimated to continue to grow aggressively in the years to come. Travel Web sites first targ...

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CONTACT

Kevin Heilbronner
Email: kevin@hsyndicate.com

ORGANIZATION

Hospitality NetBear, Stearns & Co. Inc.
http://www.bearstearns.com
One MetroTech Center North
USA - New York, NY 11201-3859
Phone: 212-272-4445

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