Classic Vacations S-4 Registration of securities issued in business combination transactions

Exhibit 12.1

EXPEDIA, INC.

COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

	Six Months Ended June 30,				Year Ended December 31,
	2010		2009		2009		2008(1)			2007		2006		2005
	(in thousands, except ratios)
Earnings:
Income (loss) before income taxes	$	267,653	$	143,207	$	458,023	$	(2,514,704	)	$	496,984	$	384,898	$	413,871
Fixed charges		48,928		49,673		99,097		86,805			63,715		27,173		10,773
Total earnings available for fixed charges	$	316,581	$	192,880	$	557,120	$	(2,427,899	)	$	560,699	$	412,071	$	424,644
Fixed charges:
Interest expense	$	41,412	$	42,450	$	84,233	$	71,984		$	52,896	$	17,266	$	2,106
Estimate of interest within rental expense(2)		7,516		7,223		14,864		14,821			10,819		9,907		8,667
Total fixed charges	$	48,928	$	49,673	$	99,097	$	86,805		$	63,715	$	27,173	$	10,773
Consolidated ratio of earnings to fixed charges		6.47x		3.88x		5.62x		N/A			8.80x		15.16x		39.42x

(1) The year ended December 31, 2008 includes an approximately $3 billion impairment charge related to goodwill, intangible and other long-lived assets resulting in earnings that were inadequate to cover fixed charges by approximately $2.515 billion. Excluding this charge the ratio of earnings to fixed charges would have been 6.54x.

(2) Assumes the interest component of rental expense is approximately one-third of total rental expense based on an analysis of net present values.