Originally Posted by holtju2
I think that this is the typical mistake that people do when they value points.
1. Look at the list price and divive it by the number of points required. Goes for airline miles as well.
The real value is how much YOU would have been willing to pay for that room in hard cash and divide that by the number of points required to come up with the cents/per point ratio. Because people are willing to pay different amounts for room/airline seats the price/mile/point varies a lot.
I don't believe I made a mistake. As I noted, since the hotel (and just about everything else nearby) is sold out, the reservation is worth more than 3.75 cents per point to me.
Dividing the retail cost by the number of points is a valid method of determining value because it is constant. Once you start adjusting for personal variables, the numbers become meaningless for comparison in a thread like this.
Hyatt reservation = $600
SuperBowl Tickets = $3000
Not having to drive 2 fricking hours to get to the game = Priceless
