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Revenue (Tables) | 3 Months Ended
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Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Revenues | Revenues are as follows (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Residence and hotel travel |  |  |  |  | $ | 38,281 |  |  | $ | 44,190 |
Experiences and bespoke travel |  |  |  |  | 3,442 |  |  | 5,484 |
Total Travel |  |  |  |  | 41,723 |  |  | 49,674 |
Subscription |  |  |  |  | 20,892 |  |  | 28,065 |
Rewards and other revenue |  |  |  |  | 3,274 |  |  | 2,506 |
Total |  |  |  |  | $ | 65,889 |  |  | $ | 80,245 |
Schedule of Assets and Liabilities Related to Contracts with Members | Assets and liabilities related to contracts with members are as follows (in thousands):
| March 31, 2025 |  | December 31, 2024
Assets: |  |  |
Accounts receivable, net | $ | 3,130 |  | $ | 3,767
Prepaid member travel | $ | 17,964 |  | $ | 13,663
Other current assets | $ | 1,125 |  | $ | 1,216
Other noncurrent assets | $ | 1,527 |  | $ | 1,549
Liabilities: |  |  |
Deferred revenue, current | $ | 120,686 |  | $ | 135,347
Deferred revenue, noncurrent | $ | 38,407 |  | $ | 36,147
Deferred revenue is comprised of the following (in thousands):
| March 31, 2025 |  | December 31, 2024
Travel | $ | 63,885 |  | $ | 66,871
Subscriptions | 71,365 |  | 75,730
Travel credits | 15,674 |  | 17,830
Rewards | 8,169 |  | 11,063
Total | 159,093 |  | 171,494
Less: Deferred revenue, noncurrent | 38,407 |  | 36,147
Deferred revenue, current | $ | 120,686 |  | $ | 135,347

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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