Originally Posted by
Kacee
I was just reflecting this morning on Bonvoy, the great redemption values I've been getting lately, and how dynamic pricing has not been the gutting of the program that many of us expected.
All my redemptions recently have been over 1 cpp and quite a few have been in the 1.5 to 2 cpp range. Considering that the generally accepted valuation has hovered around .7 cpp since the SPG acquisition, I consider that pretty decent.
The problem was that the original premise used London as its base. Rates for points (or cash) there are hardly the barometer of the program as a whole - not even the rest of the UK or Europe for that matter. I'm holding a series of points reservations in both places that I'm very pleased with. The unrealistic points rates I've come across are mostly on this side of the ocean at low to mid-level properties.