Originally Posted by
craz
+1 found a couple of places I usually used pts, were 20k and now on a random date was 23k. However another hotel that was 30k on that same random date was 19k
After going over numerous hotels pts vs $$. It seems its all based on what the rate is at the time you are making the res, with at best a ratio of .0055 per pt, many closer to .005 The lower the $ rate that night = less pts needed, and the higher the rate the more pts needed. So gone is any and every night for 20k , a previous cat 4 can be lower then an old Cat 2 and vice versa its all based on the going rate at the time you book!
The outsized value left is where the cash price is significantly higher than .05x the cap for the property. Gone are the days of getting seasonal pricing in the low end of the range despite a high cash price for the day.
But a 30k cap still seems to be holding even on a night that otherwise would be $300 or more.
Points and cash is completely gutted. But we all knew it would be as soon as they announced it would be linear.