Exhibit 12
 
WYNDHAM WORLDWIDE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
 
                 
    Three Months Ended March 31,  
    2007     2006  
 
Earnings available to cover fixed charges:
               
Income before income taxes and cumulative effect of accounting change
  $ 139     $ 150  
Plus: Fixed charges
    47       29  
      Amortization of capitalized interest
    3       1  
Less: Capitalized interest
    6       2  
                 
Earnings available to cover fixed charges
  $ 183     $ 178  
                 
Fixed charges(*):
               
Interest, including amortization of deferred financing costs
  $ 41     $ 24  
Interest portion of rental payments
    6       5  
                 
Total fixed charges
  $ 47     $ 29  
                 
                 
Ratio of earnings to fixed charges
    3.89x       6.14x  
                 
 
(*)   Consists of interest expense on all indebtedness (including amortization of deferred financing costs) and the portion of operating lease rental expense that is representative of the interest factor.
 
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