Exhibit 12
 
WYNDHAM WORLDWIDE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
 
                 
    Six Months Ended June 30,  
    2007     2006  
 
Earnings available to cover fixed charges:
               
Income before income taxes and cumulative effect of accounting change
  $ 293     $ 269  
Plus: Fixed charges
    95       72  
         Amortization of capitalized interest
    6       3  
Less: Capitalized interest
    12       6  
                 
Earnings available to cover fixed charges
  $ 382     $ 338  
                 
Fixed charges (*):
               
Interest, including amortization of deferred financing costs
  $ 83     $ 62  
Interest portion of rental payments
    12       10  
                 
Total fixed charges
  $ 95     $ 72  
                 
Ratio of earnings to fixed charges
    4.02x       4.69x  
                 
 
 
(*)  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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