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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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.
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.)
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