Deferred Revenues

12 Months Ended

Dec. 31, 2020

Revenue From Contract With Customer [Abstract]

Deferred Revenues

Note 14: Deferred Revenues

Deferred revenues were as follows:

	December 31,
($ in millions)	2020		2019
Deferred VOI sales	$	184	$	100
Club activation fees		65		71
Other		13		15
	$	262	$	186

Deferred VOI sales include the deferred revenues associated with: the sales associated with incomplete phases or buildings; the sales of unacquired inventory; and deferred sales associated with our long-term lease product with a reversionary interest. We deferred $169 million and $84 million of revenues associated with Sales of VOIs under construction as of December 31, 2020 and 2019, respectively. Club activation fees are paid at closing of a VOI purchase, which grants access to our points-based Club. The revenue from these fees are deferred and amortized on a straight-line basis over the average inventory holding period. Deferred revenues do not include prepaid vacation packages or other prepayments for future stays at our resorts, which are included in Advanced deposits in our consolidated balance sheets.