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Exhibit 12.1

The Priceline Group Inc.
Ratio of Earnings to Fixed Charges
(Except Ratios, all numbers in thousands)

	Six Months Ended June 30,					Year Ended December 31,
	2014		2013			2013			2012			2011			2010			2009
Earnings
Earnings before income taxes		1,131,818	$	825,999		$	2,296,537		$	1,761,869		$	1,367,794		$	746,283		$	442,302
Add:
Equity in income of investee		—		—			—			—			—			—			2
Fixed charges		43,601		42,850			96,621			72,369			37,637			33,405			26,697
Less:
Earnings attributable to noncontrolling interests before tax		—		(178	)		(175	)		(5,922	)		(3,756	)		(834	)		—
Total Earnings	$	1,175,419	$	868,671		$	2,392,983		$	1,828,316		$	1,401,675		$	778,854		$	469,001
Fixed Charges
Interest expense		34,851		36,962		$	83,289		$	62,064		$	31,721		$	29,944		$	24,084
Interest portion of fixed rent(1)		8,750		5,888			13,332			10,305			5,916			3,461			2,613
Fixed Charges	$	43,601	$	42,850		$	96,621		$	72,369		$	37,637		$	33,405		$	26,697
Ratio of Earnings to Fixed Charges		26.96		20.27			24.77			25.26			37.24			23.32			17.57

(1)

The Company has included one-third of rent expense on operating leases. Management believes that one-third represents an appropriate implied interest factor for the Company's operating leases.

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Exhibit 12.1

The Priceline Group Inc. Ratio of Earnings to Fixed Charges (Except Ratios, all numbers in thousands)