PARSIPPANY, NJ, January 26, 2006 — Cendant Hotel Group today announced a partnership with Cornell University to provide international franchisees with classroom-based and online hospitality management courses. Traditional classroom courses will be offered through the Cornell University’s School of Hotel Administration’s Professional Development Program (PDP) and virtual courses will be accessible through eCornell.

“In today’s changing and fast paced environment, we want to ensure that our franchisees and hotel associates are equipped with the most up-to-date programs and knowledge,” says Daniel Dannenmann, Cendant Hotel Group International vice president of training, quality assurance and organizational development. “The use of e-learning enables us to quickly make the most advanced programs available to our franchisees. Speed to market and superior quality programs are of critical importance, and we are delighted to partner with one of the world’s best and most highly regarded hotel schools.”

“It is the Cornell Hotel School’s mission to serve the hotel industry by providing knowledge through research and teaching,” says Tom Kline, director of executive education at the Cornell School of Hotel Administration. “By providing special pricing for Cornell’s distance learning courses as well as the PDP program, Cendant Hotel Group franchisees will have easy access to world class management education and focused interaction with other hotel professionals from around the world. Franchisees benefit from being part of an organization that is able to provide outstanding value through Cendant Hotel Group’s proactive relationship with Cornell.”

Cornell’s School of Hotel Administration has been providing executive education to hospitality professionals for over 75 years. PDP is a classroom experience that brings together senior mangers from around the world for a series of three-day, high-intensity courses. Participants may choose from three convenient locations: the Cornell campus in Ithaca, N.Y.; Management Centre Europe in Brussels; and Cornell-Nanyang Institute in Singapore.

A subsidiary of Cornell University, eCornell is a leading provider of executive and professional development, delivering online, instructor-led courses in Hospitality Management, Management and Leadership Skills, Food and Beverage Management and Human Resource Management. Classes range from two to four weeks in length and allow participants to learn in the comfort of their homes or offices in an engaging and rigorous collaborative online environment.

New York City-based Cendant Corporation (NYSE:CD) provides travel and residential real estate services to businesses and consumers in more than 100 countries. Cendant Hotel Group, based in Parsippany, N.J., is one of the world’s largest lodging companies with 6,441 hotels representing 540,578 rooms on five continents under the Wyndham®, Super 8®, Days Inn®, Ramada®, Travelodge®, Howard Johnson®, Knights Inn®, Wingate Inn® and AmeriHost Inn® brands. All hotels are individually owned and operated under franchise agreements with Cendant subsidiaries.

For further information, contact:

Christine Da Silva
Senior Manager, Media Relations
Cendant Hotel Group
1 Sylvan Way
Parsippany, NJ 07054
(973) 496-0750
christine.dasilva@cendant.com

Ross Pearo
Vice President, Marketing and Business Development
eCornell
840 Hanshaw Road
Ithaca, NY 14850
(607) 330-3334
rpearo@ecornell.com