Marriott's introduction of dynamic pricing in March 2022 has led to a recent devaluation of award bookings, with prices increasing by 5%-10% as reported by Doctor of Credit, affecting the redemption value of Marriott Bonvoy points for travelers.
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Bonvoy Cat 8 — 100k peak nights, 5th night on points stays comp
Cat 8 peak 100K/night5th-night-free on awardsSuite Night Awards stack
400,000 points (5 nights, 5th free)
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What does this mean for your points?
The devaluation essentially means that the same award booking that could be redeemed for a certain number of points before might now require more points, reducing the overall value of your Marriott Bonvoy points portfolio. However, the impact varies by property, with some experiencing more significant increases and others remaining unchanged or even decreasing in price.
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How do you adjust your redemption strategy?
To navigate this change, it's crucial to reassess your redemption goals and consider the new pricing landscape. Utilizing tools like Pointify's award redemption charts can help in understanding the current redemption rates and planning your awards more effectively. Additionally, exploring off-peak redemption opportunities can often yield better value for your points.
Are there still sweet spots in the Marriott Bonvoy program?
Yes, despite the devaluation, there are still several sweet spots within the Marriott Bonvoy program that can provide excellent value. For instance, transferring points to airline partners can be a highly rewarding strategy, especially when there are transfer bonuses. Checking the transfer-partner explorer can help identify the best transfer options. Furthermore, certain properties, especially those in the lower categories, might still offer a good redemption value, particularly during off-peak seasons.
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Is it worth transferring points to airline partners now?
As Doctor of Credit reports, the devaluation affects Marriott award bookings, but the value of transferring points to airline partners remains relatively intact. In fact, transferring points to airlines can often provide a more consistent redemption value compared to the dynamic pricing of hotel awards. Thus, evaluating your travel goals and considering transfers, especially during bonus periods, can be a strategic move.
Frequently asked questions
How do I find the best redemption rates for my points?
Utilizing award search tools like Pointify's award search can help you find the most valuable redemptions for your points, considering the new pricing structure.
Can I still get a good deal on hotel awards?
While the devaluation impacts the overall value, looking for off-peak redemptions and leveraging the best award sweet spots can still yield a good deal. Flexibility with your travel dates and destinations is key.
Should I consider applying for a Marriott credit card?
Evaluating your overall points strategy and travel goals can help determine if a Marriott credit card is right for you. Checking credit-card guides can provide insights into the benefits and whether they align with your travel plans.
Where can I find more information on maximizing my points?
For more strategies on getting the most out of your points, including navigating devaluations and finding the best redemption opportunities, visit the Pointify blog for in-depth analysis and travel tips.
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