| Schedule of Revenues |
Revenues are as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Residence and hotel travel | $ | 25,855 | | | $ | 33,110 | | | $ | 89,058 | | | $ | 106,372 | | | Experiences and bespoke travel | 8,009 | | | 9,461 | | | 25,908 | | | 24,719 | | | Total Travel | 33,864 | | | 42,571 | | | 114,966 | | | 131,091 | | | Subscription | 19,358 | | | 22,998 | | | 59,613 | | | 76,303 | | | Rewards and other revenue | 2,319 | | | 3,545 | | | 9,959 | | | 9,347 | | | Total | $ | 55,541 | | | $ | 69,114 | | | $ | 184,538 | | | $ | 216,741 | |
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| Schedule of Assets and Liabilities Related to Contracts with Members |
Assets and liabilities related to contracts with members are as follows (in thousands): | | | | | | | | | | | | | September 30,
2025 | | December 31,
2024 | | Assets: | | | | | Accounts receivable, net | $ | 2,944 | | $ | 3,767 | | Prepaid member travel | $ | 12,229 | | $ | 13,663 | | Other current assets | $ | 1,054 | | $ | 1,216 | | Other noncurrent assets | $ | 1,533 | | $ | 1,549 | | | | | | Liabilities: | | | | | Deferred revenue, current | $ | 117,668 | | $ | 135,347 | | Deferred revenue, noncurrent | $ | 35,072 | | $ | 36,147 |
Deferred revenue is comprised of the following (in thousands): | | | | | | | | | | | | | September 30,
2025 | | December 31,
2024 | | Travel | $ | 55,978 | | $ | 66,871 | | Subscriptions | 76,788 | | 75,730 | | Travel credits | 17,468 | | 17,830 | | Rewards | 2,506 | | 11,063 | | Total | 152,740 | | 171,494 | | Less: Deferred revenue, noncurrent | 35,072 | | 36,147 | | Deferred revenue, current | $ | 117,668 | | $ | 135,347 |
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