WYNDHAM WORLDWIDE CORPORATION

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Dividend Policy During 2010 and 2009, we paid a quarterly dividend of $0.12 and $0.04, respectively, per share of Common Stock issued and outstanding on the record date for the applicable dividend. During February 2011, our Board of Directors authorized an increase of quarterly dividends to $0.15 per share beginning with the dividend expected to be declared during the first quarter of 2011. Our dividend payout ratio is now approximately 28% of the midpoint of our estimated 2011 net income after certain adjustments. We expect our dividend policy for the future to at least mirror the rate of growth of our business. The declaration and payment of future dividends to holders of our common stock are at the discretion of our Board of Directors and depend upon many factors, including our financial condition, earnings, capital requirements of our business, covenants associated with certain debt obligations, legal requirements, regulatory constraints, industry practice and other factors that our Board deems relevant. There can be no assurance that a payment of a dividend will occur in the future. Issuer Purchases of Equity Securities Below is a summary of our Wyndham Worldwide common stock repurchases by month for the quarter ended December 31, 2010: ISSUER PURCHASES OF EQUITY SECURITIES Total Number of Average Price Paid Total Number of Shares Purchased as Part of Publicly Approximate Dollar Value of Shares that May Yet Be Purchased Under Period Shares Purchased per Share Announced Plan Plan October 1 – 31, 2010 1,050,522 $ 28.80 1,050,522 $ 271,796,254 November 1 – 30, 2010 273,875 $ 29.60 273,875 $ 264,251,402 December 1 – 31, 2010 (*) 236,900 $ 30.48 236,900 $ 258,388,612 Total 1,561,297 $ 29.20 1,561,297 $ 258,388,612 (*) Includes 74,200 shares purchased for which the trade date occurred during December 2010 while settlement occurred during January 2011. We expect to generate annual net cash provided by operating activities less capital expenditures, equity investments and development advances in the range of approximately $600 million to $700 million annually beginning in 2011. A portion of this cash flow is expected to be returned to our shareholders in the form of share repurchases and dividends. On August 20, 2007, our Board of Directors authorized a stock repurchase program that enables us to purchase up to $200 million of our common stock. On July 22, 2010, our Board of Directors increased the authorization for the stock repurchase program by $300 million. During 2010, repurchase capacity increased $40 million from proceeds received from stock option exercises. Such repurchase capacity will continue to be increased by proceeds received from future stock option exercises. During the period January 1, 2011 through February 18, 2011, we repurchased an additional 1.6 million shares at an average price of $30.10. We currently have $212 million remaining availability in our program. The amount and timing of specific repurchases are subject to market conditions, applicable legal requirements and other factors. Repurchases may be conducted in the open market or in privately negotiated transactions. 32
Stock Performance Graph The Stock Performance Graph is not deemed filed with the Commission and shall not be deemed incorporated by reference into any of our prior or future filings made with the Commission. The following line graph compares the cumulative total stockholder return of our common stock against the S&P 500 Index and the S&P Hotels, Resorts & Cruise Lines Index (consisting of Carnival plc, Marriott International Inc., Starwood Hotels & Resorts Worldwide, Inc. and Wyndham Worldwide Corporation) for the period from August 1, 2006 to December 31, 2010. The graph assumes that $100 was invested on August 1, 2006 and all dividends and other distributions were reinvested. (8/01/06 = $100) $140 $120 $100 $80 $60 $40 $20 COMPARISON OF 53 MONTH CUMULATIVE TOTAL RETURN Among Wyndham Worldwide Corporation, the S&P 500 Index and the S&P Hotels, Resorts & Cruise Lines Index $0 8/1/06 12/06 12/07 12/08 12/09 12/10 Wyndham Worldwide Corporation S&P Hotels, Resorts & Cruise Lines Index S&P 500 Index Cumulative Total Return 8/06 12/06 12/07 12/08 12/09 12/10 Wyndham Worldwide Corporation $ 100.00 $ 100.53 $ 74.17 $ 20.96 $ 65.80 $ 99.69 S&P 500 Index 100.00 112.05 118.21 74.47 94.18 108.37 S&P Hotels, Resorts & Cruise Lines Index 100.00 126.79 111.05 57.61 89.79 137.62 33
Page 1 and 2: UNITED STATES SECURITIES AND EXCHAN
Page 3 and 4: PART I FORWARD LOOKING STATEMENTS T
Page 5 and 6: Our portfolio of well-known hospita
Page 7 and 8: The following table sets forth the
Page 9 and 10: free access to a gym facility and t
Page 11 and 12: as annual budget preparation, finan
Page 13 and 14: Our field services team, strategica
Page 15 and 16: Competition Competition is robust a
Page 17 and 18: we offer property owners marketing
Page 19 and 20: Internet Given the increasing inter
Page 21 and 22: According to information compiled b
Page 23 and 24: Owners who participate in Club Wynd
Page 25 and 26: Purchaser Financing Wyndham Vacatio
Page 27 and 28: EMPLOYEES As of December 31, 2010,
Page 29 and 30: that we will be able to achieve the
Page 31 and 32: Our inability to adequately protect
Page 33: 2014; Atlanta, Georgia expiring in
Page 37 and 38: (f) (g) (h) (i) (j) (k) (l) (m) (n)
Page 39 and 40: We enter into agreements to franchi
Page 41 and 42: eal estate inventory costs incurred
Page 43 and 44: Year Ended December 31, 2010 vs. Ye
Page 45 and 46: Arrangements), (ii) $16 million of
Page 47 and 48: at our U.K. and France destinations
Page 49 and 50: In addition, EBITDA was negatively
Page 51 and 52: OPERATING STATISTICS The following
Page 53 and 54: k $29 million of losses from foreig
Page 55 and 56: and $9 million of lower volume-rela
Page 57 and 58: k $25 million of increased costs re
Page 59 and 60: k a $49 million increase in franchi
Page 61 and 62: Operating Activities During 2010, n
Page 63 and 64: Capital Deployment We are focusing
Page 65 and 66: Capacity As of December 31, 2010, a
Page 67 and 68: We believe that our bank conduit fa
Page 69 and 70: on the matter. As a result of settl
Page 71 and 72: was approximately $373 million as o
Page 73 and 74: performance for a five-year period.
Page 75 and 76: cash flow model in determining the
Page 77 and 78: Cendant’s Vacation Network Group
Page 79 and 80: SIGNATURES Pursuant to the requirem
Page 81 and 82: REPORT OF INDEPENDENT REGISTERED PU
Page 83 and 84: WYNDHAM WORLDWIDE CORPORATION CONSO
Page 85 and 86:
WYNDHAM WORLDWIDE CORPORATION CONSO
Page 87 and 88:
The Company’s franchise agreement
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manages paid Wyndham Exchange & Ren
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expenses amounted to $48 million, $
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average exchange rates during the p
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integrated the operations of its ac
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(3) Adjusting the carrying value of
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7. Income Taxes The income tax prov
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The following table summarizes the
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Credit Quality for Financed Receiva
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10. Property and Equipment, net Pro
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measurement date and a maximum cons
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As of December 31, 2010, the Compan
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Vacation Rental Capital Leases. The
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The following table presents additi
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Consolidated Statement of Operation
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capacity and the Company’s corpor
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shareholders and further amended as
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comprehensive income on the Consoli
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Total restructuring costs by segmen
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and Avis Budget Group to satisfy th
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(a) (b) (c) (d) (e) (f) (g) (h) (i)
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10.4 Employment Agreement with Fran
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14.1 101.INS XBRL Instance document
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Name WYNDHAM WORLDWIDE CORPORATION
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Exhibit 23.1 CONSENT OF INDEPENDENT
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CERTIFICATION Exhibit 31.2 I, Thoma
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WYNDHAM WORLDWIDE CORPORATION

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