v3.22.2.2
Revenue from Contracts with Customers (Tables)
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregated Revenues by Segment from Contracts with Customers
The following tables show our disaggregated revenues by product and segment from contracts with customers. We operate our business in the following two segments: (i) Real estate sales and financing and (ii) Resort operations and club management. Please refer to Note 20: Business Segments below for more details related to our segments.
($ in millions)Three Months Ended September 30,Nine Months Ended September 30,
Real Estate Sales and Financing Segment2022202120222021
Sales of VOIs, net$500 $488 $1,130 $597 
Sales, marketing, brand and other fees177 118 457 252 
Interest income61 46 170 108 
Other financing revenue7 7 26 19 
Real estate sales and financing segment revenues$745 $659 $1,783 $976 
($ in millions)Three Months Ended September 30,Nine Months Ended September 30,
Resort Operations and Club Management Segment2022202120222021
Club management$48 $42 $150 $98 
Resort management82 57 229 94 
Rental(1)
157 104 436 184 
Ancillary services2 8 30 14 
Resort operations and club management segment revenues$289 $211 $845 $390 
(1)Excludes intersegment eliminations. See Note 20: Business Segments for additional information.
Schedule of Accounts Receivable from Contracts with Customers and Composition of Contract Liabilities
The following table provides information on our accounts receivable from contracts with customers which are included in Accounts receivable, net on our unaudited condensed consolidated balance sheets:
($ in millions)September 30,
2022		December 31,
2021
Receivables$273 $202 
The following table presents the composition of our contract liabilities:
($ in millions)September 30,
2022		December 31,
2021
Contract liabilities:
Advanced deposits$138 $112 
Deferred sales of VOIs of projects under construction1 34 
Club dues and Legacy-HGV Club activation fees105 91 
Bonus Point incentive liability(1)
58 44 
(1)Amounts related to the Bonus Point incentive liability are included in Accounts payable, accrued expenses and other on our unaudited condensed consolidated balance sheets. This liability is comprised of unrecognized revenue for incentives from VOI sales and sales and marketing expenses in conjunction with our fee-for-service arrangements.
Schedule of Deferred Revenue Cost of Sales and Direct Selling Costs from Sales of Project Under Construction
The following table represents the deferred revenue, cost of VOI sales and direct selling costs from sales of VOIs related to projects under construction as of September 30, 2022 and December 31, 2021:
($ in millions)September 30,
2022		December 31,
2021
Sales of VOIs, net$1 $34 
Cost of VOI sales(1)
— 12 
Sales and marketing expense— 5 
(1)Includes anticipated Cost of VOI sales related to inventory associated with Sales of VOIs under construction.
Schedule of Remaining Transaction Price Related to Advanced Deposits Club Activation Fees and Club Bonus Points
The following table includes the remaining transaction price related to Advanced deposits, and Legacy-HGV Club activation fees and Bonus Points as of September 30, 2022:
($ in millions)Remaining
Transaction Price		Recognition PeriodRecognition Method
Advanced deposits$138 18 monthsUpon customer stays
Legacy-HGV Club activation fees65 7 yearsStraight-line basis over average inventory holding period
Bonus Points58 
18 - 30 months
Upon redemption