Originally Posted by ToledoRocket
Holiday Inn Express at 10,000 were underpriced.
I disagree. There's a Holiday Inn Express near Disneyland(R) that sells
rooms for $66/night (I just checked for a 15 day stay, 27 Apr - 12 May).
That yeilds an out of pocket cost of 66*15 or $990.
If I want to use reward nights, it will cost me 300,000 points, and based
on their selling price of $0.01/pt, that's $3,000 in points I would have to
pay for a $990 room. Even under the old scheme, I'd be spending $1500
in points for a $990 room. Can you imagine the airlines changing their
award program and charging 1.45 million miles for international first class
award tickets? I agree 100,000 miles is actually a steal compared to the
real ticket cost, but that doesn't mean I would fork over 1.45M miles
(that I don't have) either.
I agree that some rooms are more than $100/night, but I don't think
that justifies charging $200 of points per night.
I'm not angry about the new rates so much as I am about the devaluing
of my current points - I easily lost $1500 worth of hotel nights I had
already earned, without any warning. I wasn't given the opportunity to
spend my points and go to another plan if I didn't like the changes they
had made, and that's what I'm mad about.
J