Deferred Revenue

12 Months Ended

Dec. 31, 2012

Deferred Revenue and Credits [Abstract]

Deferred revenue consists of the following:



	December 31,
	2012		2011
	(In thousands)
Loyalty programs	$	64,636	$	64,636
Initial, relicensing and franchise fees	4,994		3,198
Procurement services fees	1,225		957
Other	299		34
Total	$	71,154	$	68,825

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

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