Consumer >> Analyst Interviews >> January 23, 2006

OUTLOOK FOR LODGING COMPANIES: SAMIR JAIN – JEFFERIES & CO INC

TWST: Give us an idea of what you cover in this space.

Mr. Jain: Two of the largest players, Hilton (HLT) and Starwood (HOT);

the two publicly traded timeshare companies, Sunterra (SNRR)