new Reward rates effective January 18 (Discussion)
Jan 7, 13, 1:19 am
#1
Original Poster
Join Date: Nov 2007
Location: UK
Programs: EK Gold, EY Gold, Bonvoy LT Titanium, IHG Spire Ambassador, Hilton Diamond
Posts: 330
new Reward rates effective January 18 (Discussion)
Just stumbled accross this new style rewards page
https://secure.priorityclub.com/hote...freehotelnight
Category 1 to 9. Now So I presume some Holiday inn's / crowne plaza's could be moving up as there does not appear to be any mention of Hotel brands
https://secure.priorityclub.com/hote...freehotelnight
Category 1 to 9. Now So I presume some Holiday inn's / crowne plaza's could be moving up as there does not appear to be any mention of Hotel brands
Jan 7, 13, 1:50 am
#3
Join Date: Dec 2006
Location: Mostly EU & (SE)Asia
Programs: Various shiny cards at hotel chains and airlines
Posts: 1,036
Indeed, think this could easily mean that some CP-s can spur up to 50k level as well and some 40k IC-s can become mid-level 45k. Devaluation again, combined with increase on status requirements... and no requirements to upgrade on award stays.
I guess we should make a list of the redemption rates of most interesting current properties, as Jan 18 to Mar 18 we would need to know if the rate has changed and if so, do a phone redemption.
I guess we should make a list of the redemption rates of most interesting current properties, as Jan 18 to Mar 18 we would need to know if the rate has changed and if so, do a phone redemption.
Jan 7, 13, 2:13 am
#4
Join Date: May 2001
Location: TYO
Posts: 1,496
Another thumbs down... things seem to get weaker every year.
Found a good reference of the IC's and their current point requirements (Excel spreadsheet), so could be handy for comparison with the new rates:
http://loyaltylobby.com/2013/01/06/p...ture-changing/
Found a good reference of the IC's and their current point requirements (Excel spreadsheet), so could be handy for comparison with the new rates:
http://loyaltylobby.com/2013/01/06/p...ture-changing/
Jan 7, 13, 2:18 am
#5
Join Date: Oct 2007
Location: Shanghai and Bavaria
Programs: Spire RA, 1865 Voyager, Bonvoy Titanium, FB LP, LH SEN.
Posts: 3,104
Can go both ways; thoroughly "overpriced" ICs and other hotels on points may just move down, whilst the greatest bargains of the program (particularly HI(X) in prime locations) may disappear.
Jan 7, 13, 2:21 am
#6
FlyerTalk Evangelist
Join Date: Nov 2002
Location: All over
Programs: Most
Posts: 10,839
There are probably few IC's that can go lower than the current 30K level. I would expect, however, that the Candlewood's etc. of the Times Square will go up and a lot.
Jan 7, 13, 2:28 am
#7
Join Date: Oct 2007
Location: Shanghai and Bavaria
Programs: Spire RA, 1865 Voyager, Bonvoy Titanium, FB LP, LH SEN.
Posts: 3,104
Couple of ICs in Asia start at around 70 USD. When you value points at the purchase cost of 70 USD/10k, an award night is a pretty bad deal right now. I can see them going lower.
Jan 7, 13, 2:42 am
#8
Join Date: Oct 2004
Location: BZN
Programs: AA:LT Platinum DL:LT Gold UA:1P MAR:LT Titanium
Posts: 8,288
I suspect they will soon be announcing some status enhancements. They sorely lack perks compared to their peers, and they know it, so I doubt they'll make these changes without announcing something positive as well.
Jan 7, 13, 3:31 am
#9
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Join Date: Jul 2007
Posts: 4,477
I wonder when they will do fluctuate award rate.
For example when the occupancy is forecasted to be below 70% the HI is at 15K. When the occupancy is forecasted to be over 70% the rate becomes 25K. When occupancy is forecasted to be 95% and over it becomes 50K...
Basically they added 35K and 45K level. I can see cities like New York, Hong Kong, Tokyo and Paris will see biggest rise in redemption value. Other places would be hardly gone unnoticed.
For example when the occupancy is forecasted to be below 70% the HI is at 15K. When the occupancy is forecasted to be over 70% the rate becomes 25K. When occupancy is forecasted to be 95% and over it becomes 50K...
Basically they added 35K and 45K level. I can see cities like New York, Hong Kong, Tokyo and Paris will see biggest rise in redemption value. Other places would be hardly gone unnoticed.
Jan 7, 13, 3:32 am
#10
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Join Date: Jul 2007
Posts: 4,477
From what they have announced in greater China for 2013 and onwards. You will see nothing happening rather than possibly free internet.
Jan 7, 13, 4:01 am
#11
Join Date: Sep 2008
Location: Ohio
Programs: Priority Club Plat
Posts: 396
This is rather shocking yes? 2 years in a row of massive devaluation ?
I mean they just made huge changes last Jan with many CP's going to 35K, etc.
Another big change just 1 year later, now a CP, hell even a HI could be 50K a night!
And i'm sure it will happen, as someone else said, big cities like Tokyo, Hong Kong, London, etc. Just wow. What a big "FU" from PC to its members.
I mean they just made huge changes last Jan with many CP's going to 35K, etc.
Another big change just 1 year later, now a CP, hell even a HI could be 50K a night!
And i'm sure it will happen, as someone else said, big cities like Tokyo, Hong Kong, London, etc. Just wow. What a big "FU" from PC to its members.
Jan 7, 13, 5:02 am
#12
Join Date: Sep 2005
Location: UK
Posts: 1,314
This is rather shocking yes? 2 years in a row of massive devaluation ?
I mean they just made huge changes last Jan with many CP's going to 35K, etc.
Another big change just 1 year later, now a CP, hell even a HI could be 50K a night!
And i'm sure it will happen, as someone else said, big cities like Tokyo, Hong Kong, London, etc. Just wow. What a big "FU" from PC to its members.
I mean they just made huge changes last Jan with many CP's going to 35K, etc.
Another big change just 1 year later, now a CP, hell even a HI could be 50K a night!
And i'm sure it will happen, as someone else said, big cities like Tokyo, Hong Kong, London, etc. Just wow. What a big "FU" from PC to its members.
Jan 7, 13, 5:42 am
#13
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,103
A lot of the value that used to be found in this program is going to quickly evaporate. A major redemption restructuring of this sort is not meant to benefit customers and the value customers get out of points earned from stays to be used for stays.
This kind of change isn't a surprise as usually tightening up programs in one or more ways means there is a focus on squeezing out even more costs -- in a bigger way -- out of the programs.
Did ICHG have an outside advisor involved in this program devaluation?
This kind of change isn't a surprise as usually tightening up programs in one or more ways means there is a focus on squeezing out even more costs -- in a bigger way -- out of the programs.
Did ICHG have an outside advisor involved in this program devaluation?
Jan 7, 13, 5:53 am
#14
Join Date: Dec 2007
Location: PEK and BOS
Programs: BA - Blue
Posts: 4,517
Looking at a few random dates in a few random cities, I can't see any change in redemption levels. However, no property is showing its category level.
I have to say, it's a fairly logical proposition, and if it is truly market driven, one might find new values in the programme -- e.g. as stated, many ICs in Asia should not be going for 30k/night: if they dropped to 15-20k, that would be a win. But if they keep ICs at 30-50k (just because), and raise the HIs in expensive cities...then it's a lose-lose.
tb
I have to say, it's a fairly logical proposition, and if it is truly market driven, one might find new values in the programme -- e.g. as stated, many ICs in Asia should not be going for 30k/night: if they dropped to 15-20k, that would be a win. But if they keep ICs at 30-50k (just because), and raise the HIs in expensive cities...then it's a lose-lose.
tb
Jan 7, 13, 6:06 am
#15
FlyerTalk Evangelist
Join Date: Nov 2002
Location: All over
Programs: Most
Posts: 10,839
These are not going to be dynamic awards. They will just reclassify hotels for these 9 award categories and move them mostly up yearly (and sometimes down).
These changes won't be in effect before 18th of this month.
