How much is a point worth?
#1
FlyerTalk Evangelist, Ambassador: World of Hyatt
Original Poster
Join Date: Jul 2001
Location: NJ
Programs: Hyatt Globalist, Fairmont Lifetime Plat, UA Silver, dirt elsewhere
Posts: 46,919
Value of A GP Point
How do you value Gold Passport points? I've been taking a look and for me, I use a rate of $275 per night including taxes as a ballpark figure. This is because of the hotels we frequent and the time of year we travel. I know this figure can be and is much higher for some properties.
For example, we use the Waikiki property in a lower season so the rates aren't that high. IF we were paying, we would, at a minimum, pay for partial ocean view, so the rate would be at least $275.
That comes out to .0183 per point for us without including the value of the diamond upgrade & regency club access. Plus, Hyatt points are hard to come by.
I know that using the Maui or Kauai properties bring the point value even higher.
So, what do you folks think?
Mary
For example, we use the Waikiki property in a lower season so the rates aren't that high. IF we were paying, we would, at a minimum, pay for partial ocean view, so the rate would be at least $275.
That comes out to .0183 per point for us without including the value of the diamond upgrade & regency club access. Plus, Hyatt points are hard to come by.
I know that using the Maui or Kauai properties bring the point value even higher.
So, what do you folks think?
Mary
#2
Join Date: Feb 2002
Location: The Puget Sound, WA
Posts: 2,232
Originally Posted by Mary2e
That comes out to .0183 per point for us without including the value of the diamond upgrade & regency club access. Plus, Hyatt points are hard to come by.
So, what do you folks think?
Mary
So, what do you folks think?
Mary
For the last few years with all the FFNs around I’ve only used points for awards that would be a bit out of control to actually pay $ for, like a suite in Kauai. Which would push the value for me above 4 cents each.
Like the OP mentioned, GP points are hard to come by. They are not like HH or airline points.
#3
Join Date: Jul 2003
Location: Baltimore - Hyatt Lifetime Diamond/Courtesy Card, UA 2M
Posts: 994
I tend to look at it a little bit differently. How much revenue do I have to spend to get a free night in Maui, which I use as my standard? (Paris, Tokyo, Sydney, London, etc. would add more value to a "point")
With your method and $300 for a night in Maui, and a point is worth exactly 2 cents.
More important to me is that I have to spend about $2300 to get the 15,000 points required. But I can refine this calculation further. Assume an average of 1300 bonus points per stay (a G1 and airline bonus), and I have to do about 6 one night stays to get a free night in Maui, spending $185 per night on eligible charges.. This blows away SPG, and we are not even considering FFNs.
With your method and $300 for a night in Maui, and a point is worth exactly 2 cents.
More important to me is that I have to spend about $2300 to get the 15,000 points required. But I can refine this calculation further. Assume an average of 1300 bonus points per stay (a G1 and airline bonus), and I have to do about 6 one night stays to get a free night in Maui, spending $185 per night on eligible charges.. This blows away SPG, and we are not even considering FFNs.
#4
Join Date: May 2003
Posts: 6,359
I would buy GP points for 1 cent and I would sell mine for 1.5 cents. So I value them somewhere between 1-1.5 cents. But I normally value miles and points lower than most people (for example, I only value FF miles at 1 cent/mile and HH points at 0.5 cents/point). I agree with others, with FFN promos frequently running, I have found it unnecessary to have to use my points recently. If Hyatt stops (or slows down) the FFN promos, the GP point value for me will go up.
#5
Join Date: Sep 2002
Location: ATL
Posts: 3,219
Originally Posted by divaof travel
...This blows away SPG, and we are not even considering FFNs.
I always save up my point for special locations such as Paris-Vendome, Kauai, or PHT so I value them greatly at around $.03 - $.05. Though I probably wouldn't have gone to these places without GP.
#8
FlyerTalk Evangelist
Join Date: Feb 2003
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[QUOTE=Tummy]I feel exactly the same way, but don't understand why many of the SPG, and to a lessor degree Hilton and Marriott, people don't get it.
QUOTE]
I am a big fan of Hyatt Gold Passport, but I can understand the Loyalty to SPG...they have a room, you get it...that is a HUGE benefit, not to mention many more locations.
QUOTE]
I am a big fan of Hyatt Gold Passport, but I can understand the Loyalty to SPG...they have a room, you get it...that is a HUGE benefit, not to mention many more locations.
#9
Join Date: Sep 2001
Location: Hyderabad
Posts: 4,843
Originally Posted by bsdstone
I am a big fan of Hyatt Gold Passport, but I can understand the Loyalty to SPG...they have a room, you get it...that is a HUGE benefit, not to mention many more locations.
#10
Join Date: Jul 2006
Programs: Hyatt - Diamond, NW - Gold
Posts: 7
How much is a point worth?
Hello All:
I am quite new to all this.
I was curious as to how you guys value Hyatt Gold Passport points.
Based on your experiences using award reservations... what is your estimate for how much a point is worth?
Thanks.
I am quite new to all this.
I was curious as to how you guys value Hyatt Gold Passport points.
Based on your experiences using award reservations... what is your estimate for how much a point is worth?
Thanks.
#12
FlyerTalk Evangelist, Ambassador: World of Hyatt
Original Poster
Join Date: Jul 2001
Location: NJ
Programs: Hyatt Globalist, Fairmont Lifetime Plat, UA Silver, dirt elsewhere
Posts: 46,919
I value them higher.
Right now, I'm saving for 10 nights in a 1 bedroom suite in Kauai, making them worth more like .04 to me.
Even for a regular reward, I value them slightly higher because I mostly go to resorts.
Right now, I'm saving for 10 nights in a 1 bedroom suite in Kauai, making them worth more like .04 to me.
Even for a regular reward, I value them slightly higher because I mostly go to resorts.
#13
Original Member and FlyerTalk Evangelist
Join Date: May 1998
Location: Kansas City, MO, USA
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Posts: 16,579
This is a pretty easy question to answer in just two words:
"It depends."
If you really want to put a value on them, I'd put it at 2.0 cents per mile, if I don't get that kind of value I'd usually rather pay for a room.
"It depends."
If you really want to put a value on them, I'd put it at 2.0 cents per mile, if I don't get that kind of value I'd usually rather pay for a room.
#14
Community Director Emerita
Join Date: Oct 2000
Location: Anywhere warm
Posts: 33,739
I'll spend 2 cents to earn an additional point - and I'll redeem at some higher level. For example, when we got a coupon to earn 1000 points for a meal at a Hyatt, I was happy to go to my local Hyatt, spend $15 on lunch, and earn my 1000 points.
#15
Join Date: Mar 2004
Location: Seattle
Posts: 1,442
I value them around 2 cents each
I'm also planning on blowing a bunch of points for a suite in Kauai, but if I did not have the points, I would not pay a $1,000+ a night for that same room.
Originally Posted by Mary2e
I value them higher.
Right now, I'm saving for 10 nights in a 1 bedroom suite in Kauai, making them worth more like .04 to me.
Even for a regular reward, I value them slightly higher because I mostly go to resorts.
Right now, I'm saving for 10 nights in a 1 bedroom suite in Kauai, making them worth more like .04 to me.
Even for a regular reward, I value them slightly higher because I mostly go to resorts.