Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2021

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 22: Business Segments below for more details related to our segments.

($ in millions)	Year Ended December 31,
Real Estate Sales and Financing Segment	2021		2020		2019
Sales of VOIs, net	$	883	$	108	$	509
Sales, marketing, brand and other fees		385		221		573
Interest income		157		141		147
Other financing revenue		26		24		23
Real estate sales and financing segment revenues	$	1,451	$	494	$	1,252

($ in millions)	Year Ended December 31,
Resort Operations and Club Management Segment	2021		2020		2019
Club management	$	168	$	96	$	125
Resort management		172		70		66
Rental(1)		315		91		201
Ancillary services		27		7		26
Resort operations and club management segment revenues	$	682	$	264	$	418

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(1)Excludes intersegment eliminations. See Note 22: 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 with customers which are included in Accounts Receivable, net on our consolidated balance sheets:

	Year Ended December 31,
($ in millions)	2021		2020
Receivables	$	202	$	64

The following table presents the composition of our contract liabilities.

	Year Ended December 31,
($ in millions)	2021		2020
Contract liabilities:
Advanced deposits	$	112	$	117
Deferred sales of VOIs of projects under construction		34		169
Club dues and Legacy-HGV Club activation fees		91		77
Bonus Point incentive liability(1)		44		48

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(1) Amounts related to the Bonus Point incentive liability are included in Accounts payable, Accrued Expenses and other on our 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 December 31, 2021 and December 31, 2020.

	Year Ended December 31,
($ in millions)	2021		2020
Sales of VOIs, net	$	34	$	169
Cost of VOI sales(1)		12		50
Sales and marketing expense		5		25

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(1) Includes anticipated Cost of VOI sales related to inventory associated with Sales of VOIs under construction that will be acquired under a just-in-time arrangement once construction is complete.

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, Legacy-HGV Club activation fees and Bonus Points as of December 31, 2021:

($ in millions)	Remaining Transaction Price		Recognition Period	Recognition Method
Advanced deposits	$	112	18 months	Upon customer stays
Legacy-HGV Club activation fees		63	7 years	Straight-line basis over average inventory holding period
Bonus Points		44	18 - 30 months	Upon redemption