Exhibit 12
 
WYNDHAM WORLDWIDE CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
 
                 
    Six Months Ended June 30,  
    2008     2007  
 
Earnings available to cover fixed charges:
               
Income before income taxes
  $ 229     $ 293  
Plus: Fixed charges
    112       95  
 Amortization of capitalized interest
    11       6  
Less: Capitalized interest
    10       12  
                 
Earnings available to cover fixed charges
  $ 342     $ 382  
                 
Fixed charges (*):
               
Interest, including amortization of deferred financing costs
  $ 97     $ 83  
Interest portion of rental payments
    15       12  
                 
Total fixed charges
  $ 112     $ 95  
                 
Ratio of earnings to fixed charges
    3.05x       4.02x  
                 
 
 
(*) 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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