Exhibit

WYNDHAM WORLDWIDE CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)



	Three Months Ended March 31,
	2016		2015
Earnings available to cover fixed charges:
Income before income taxes	$	163	$	198
Plus: Fixed charges	58		52
Amortization of capitalized interest	1		1
Less: Capitalized interest	1		2
Earnings available to cover fixed charges	$	221	$	249
Fixed charges ^(*):
Interest	$	51	$	44
Capitalized interest	1		2
Interest portion of rental expense	6		6
Total fixed charges	$	58	$	52
Ratio of earnings to fixed charges	3.81x		4.79x

Consists of interest expense on all indebtedness (including costs related to the amortization of deferred financing costs), capitalized interest and the portion of operating lease rental expense that is representative of the interest factor.


^(*)	Consists of interest expense on all indebtedness (including costs related to the amortization of deferred financing costs), capitalized interest and the portion of operating lease rental expense that is representative of the interest factor.