Originally Posted by
billdokes
Is it really an across the board, unannounced, devaluation or is it that the dynamic pricing model is following the cash price trend as it would be expected to.
While it is a devaluation in that points are now worth less at certain properties, the better term is probably “re-indexing”.
After the introduction of dynamic pricing, Bonvoy points are generally worth between $0.006 and $0.008 compared to cash rates, inclusive of taxes that would be paid on the cash rate. Properties with redemptions providing outsized value compared to that (and which another poster probably correctly pointed out, become popular for redemptions) will thus become targets for award rate increases.