Exhibit 23.1

KPMG Peat Marwick LLP
111 South Calvert Street        Telephone 410 783 8300      Telefax 410 625 9231
Baltimore, MD 21202


The Board of Directors
PHH Corporation:

We consent to the incorporation by reference in the registration statements
(No. 33-56354), (No. 33-70632), (No. 33-72752), (No. 33-83956), (No. 33-94756),
(No. 333-06733) and (No. 333-06939) on Form S-8 and (No. 333-11029) and
(No. 333-11031) on Form S-3 of HFS Incorporated of our report dated 
May 17, 1996, except for the note on capital stock as to which the date is 
June 24, 1996 with respect to the consolidated balance sheets of PHH 
Corporation and subsidiaries as of April 30, 1996 and 1995 and the related 
consolidated statements of income, stockholders' equity, and cash flows for 
each of the years in the three-year period ended April 30, 1996, which report 
appears in the Form 8-K/A of HFS Incorporated dated December 4, 1996.

Our report contains an explanatory paragraph that states that the company
adopted the provisions of Statement of Financial Accounting Standards No. 122,
"Accounting for Mortgage Servicing Rights," in 1996.

                                        /s/ KPMG Peat Marwick LLP
                                            KPMG Peat Marwick LLP


Baltimore, Maryland
December 4, 1996