Infrared spontaneous and stimulated emission from Ho3+in BaY2F8is reported. In addition to the familiar55I8transition at 2 μ,55I5emission at 2.4μ and55I7emission at 2.9μ are discussed. There are several unusual features of the 2-μ laser emission. At room temperature, phonon-terminated laser emission is observed at 2.171 μ. At 77 K a complex CW laser output is observed in a wavelength interval lying on the shoulder of a fluorescence line. The complex output is attributed to oscillation in transverse modes of the resonator. Oscillation is not observed in the strongest emission line, despite a large terminal state splitting of 310 cm-1. These results are explained on the basis of a theory developed earlier for transition metal ion lasers. The validity of the model is supported by demonstrating the tunability through loss modulation predicted by theory. The observation of these effects is made possible by the very low internal scattering loss in the crystals. The55I5laser lines near 2.4 μ represent relatively low gain transitions with pulse durations limited by accumulation in a longer lived terminal state. The dynamics of laser emission indicate the possible absence of thermal equilibrium in the excited state. For the 2.9-μ transition the bottleneck posed by a longer lived terminal state may be eliminated by the addition of Eu3+or Pr3+, but laser emission could not be obtained.