Business briefs: TripAdvisor becomes increasingly important for hotels

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— The Sacramento Bee reports that as the economy has returned, online booking has played a larger part in hotel reservations.

This change has given smaller hotels better ability to compete with larger chains.

Judith Bommer, who runs Amber House Bed and Breakfast in Sacramento, Calif., told The Bee that positive reviews of her hotel's service have helped draw new clientele.

"All the marketing we do is online," Bommer said to The Bee. "We don't do any print advertising."

Insurance executives on Colorado's health-exchange board are replaced

Colorado's health exchange board, once attacked as a haven for Big Insurance, got a makeover Wednesday with two appointments from Gov. John Hickenlooper.

The governor appointed a small business owner and a nonprofit official to two expiring seats currently held by leaders of major health insurance companies in the state.

Hickenlooper replaced Robert Ruiz-Moss, the local chief of Anthem, and Elizabeth Soberg, local chief of UnitedHealthCare. The new directors are Sharon O'Hara, an executive vice president with the National Multiple Sclerosis Society, and Ellen Daehnick, a former management consultant who now runs a specialty caramel-making shop.

Read more at The Denver Post.

Treasury to auction its stock in two Colorado banks helped by TARP

The federal government Wednesday announced it will auction the stock it owns in eight banks — two in Colorado — in the latest round of sales to recoup funds tied to the bank bailouts of 2009.

The U.S. Department of the Treasury said the auction will open July 8 and run through July 11.

The banks — including ColoEast Bankshares in Lamar and Omega Capital Corp. in Lakewood — provided stock to the government under its Troubled Asset Relief Program in return for bailout funds.

ColoEast received $10 million in February 2009, and Omega received about $2.82 million in April 2009, according to the agency's report to Congress in May 2013.

Read more at The Denver Post.

Vail lands the World Fly Fishing Championships in 2016

The World Fly Fishing Championships are returning to the U.S. for the first time since 1997.

When local resident, fisherman and tournament organizer John Knight received the news that he had won the bid to make Vail the venue of the 2016 World Championships, he couldn’t believe it at first.

“I was ecstatic, incredibly excited,” he said. “It’s been big a goal of a lot of fishermen and myself to bring the World Fly Fishing Championships back to the U.S. And from there, to bring it to Vail was really a win-win.”

Read more at The Vail Daily.

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