30mol% Ho:BaY2F8 (Ho:BYF) and 30mol% Ho, 20mol% Lu:BaY2F8 (Ho:BYLF) crystals with monoclinic phase were prepared by the Bridgman technique. After introducing Lu3+ ions, the thermal property of Ho:BYLF crystal was improved without significantly shortening the 5I5 level lifetime of Ho3+ ion compared with Ho:BYF crystal. Under laser diode pumping at 889 nm, the emission peaks of both Ho:BYF and Ho:BYLF crystals in the range of 3–5 μm could be detected. The spectral parameters of the crystal are calculated in detail, and the cross sections of absorption, emission and gain are given. During laser pumping, the two crystals showed low pumping threshold, and Ho:BYF crystal obtained a maximum energy output of 5.22 mJ, while Ho:BYLF crystal tended to be saturated at 1 mJ due to the high concentration of Lu3+ ion. These two crystals show great application potential for laser operating in the mid-infrared range.