Marriott points worth so little
#1
Original Poster
Join Date: Nov 2011
Location: Iowa
Posts: 733
Marriott points worth so little
I was planning to book 8 nights in Athens, Greece using my Marriott points. After doing a search I found Marriott rooms for around $160....or 37,500 points.
Is this typical?
I had thought that 37,500 points would get more than a $160 room or vice versa, $160 wouldn't require 37,500 points.
Is this typical?
I had thought that 37,500 points would get more than a $160 room or vice versa, $160 wouldn't require 37,500 points.
#2
Join Date: Feb 2008
Location: In the air
Programs: Hyatt Globalist, Bonvoy LT Plat, Hilton Gold, GHA Tit, BA Gold, Turkish Elite
Posts: 8,720
Obviously you’re going to get different value for different uses of points. An n of 1 is not exactly useful in gauging value. You can look online for where bloggers suggest you could expect for “par” value. I recently got $1,800 for 60,000...
#3
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Join Date: Apr 2013
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Programs: AS 75K; UA 1MM; Hyatt Globalist; Marriott LTP; Hilton Diamond (Aspire)
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If the question is, "should I redeem 37,500 points for a room that costs $160 US," the answer is "no."
It's not that hard to redeem Marriott points for around a cent per point or higher, but not every redemption is a good redemption. This would be a bad redemption.
It's not that hard to redeem Marriott points for around a cent per point or higher, but not every redemption is a good redemption. This would be a bad redemption.
#4
Join Date: Nov 2008
Programs: SPG-Plat, Hilton-Diamond, Club Carlson-Silver, Cathay-Diamond, Virgin-Gold
Posts: 2,183
I was planning to book 8 nights in Athens, Greece using my Marriott points. After doing a search I found Marriott rooms for around $160....or 37,500 points.
Is this typical?
I had thought that 37,500 points would get more than a $160 room or vice versa, $160 wouldn't require 37,500 points.
Is this typical?
I had thought that 37,500 points would get more than a $160 room or vice versa, $160 wouldn't require 37,500 points.
Not all hotels are good value to use points on, it like most programs that don't just convert points to a cash value is all about finding the sweet spot! I for one would hate Marriott to go down the route where points simply equate to a discount off the rate!
#5
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Join Date: Nov 2007
Location: Denver • DEN-APA
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Agree that this is bad redemption.
Those 37.500 points are the equivalent of 12,500 old SPG points prior to the merger that devalued the crap of the surviving program.
Those 37.500 points are the equivalent of 12,500 old SPG points prior to the merger that devalued the crap of the surviving program.
#7
Join Date: Jun 2015
Location: DAY
Programs: Rapid Rewards, Skymiles, Hilton HHonors, SPG/Marriott Rewards
Posts: 4,956
Agree that this is a bad redemption. Disagree that it is not that hard to redeem Marriott points for around a cent per point or higher. I'm not saying it can't be done, its just the majority of rates I see are less than 1 cent per point.
#8
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"Not that hard" doesn't mean any particular percentage of rates. It means if you look around, you can find redemptions at that level without too much difficulty. I believe that to be an accurate statement. Particularly with the current 60k per night cap.
#9
Join Date: Oct 2013
Location: ORD
Programs: UA Silver, Marriott Platinum/LT Platinum, Hilton Gold
Posts: 5,594
I'm sure it's much less accurate if you're booking the Courtyard in Omaha. Personally, I don't know that it's a good value ever to use points on a $160 room, but certainly there can be other circumstances that require someone to.
#10
FlyerTalk Evangelist
Join Date: Mar 2013
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Certainly not a great redemption in this case but hard to make a sweeping statement based on a single case. Since Marriott uses categories there can be instances where the points value is really high because the prevailing rate for that given time period is high or could be cases like this where the points value is low because the prevailing rate is relatively low.
FWIW, TPG slots Marriott points as being worth ~0.9 cents up from pre-merger days of ~0.7 cents (largely due to the legacy SPG ---> airline transfer program moving over without much change to the new Marriott program) so it's hard to point at the new program and say that the points redemption value has been devalued because it hasn't been significantly, if anything it has gone up slightly because of the points transfer option and the addition of numerous new hotels to redeem points at (and of course some winners and losers among hotel categories for 2019 and beyond with short term arbitrage opportunities).
By comparison, Hilton usually comes in around 0.5 cents/point though their promotions often make it easier to obtain Hilton points but their dynamic categories linking room cost to redemption cost means it is hard to get beyond that 0.5 cents value unless you are booking the aspirational hotels where you hit the maxed out category value but have a cash value that by comparison is significantly higher (e.g., Conrad Bora Bora) or are able to snag a base level maxed out redemption during a special event (e.g., Super Bowl, NYE, etc.) where the cash price is sky high
FWIW, TPG slots Marriott points as being worth ~0.9 cents up from pre-merger days of ~0.7 cents (largely due to the legacy SPG ---> airline transfer program moving over without much change to the new Marriott program) so it's hard to point at the new program and say that the points redemption value has been devalued because it hasn't been significantly, if anything it has gone up slightly because of the points transfer option and the addition of numerous new hotels to redeem points at (and of course some winners and losers among hotel categories for 2019 and beyond with short term arbitrage opportunities).
By comparison, Hilton usually comes in around 0.5 cents/point though their promotions often make it easier to obtain Hilton points but their dynamic categories linking room cost to redemption cost means it is hard to get beyond that 0.5 cents value unless you are booking the aspirational hotels where you hit the maxed out category value but have a cash value that by comparison is significantly higher (e.g., Conrad Bora Bora) or are able to snag a base level maxed out redemption during a special event (e.g., Super Bowl, NYE, etc.) where the cash price is sky high
#11
In memoriam
Join Date: Jan 2009
Location: MAN
Programs: Marriott Lifetime Titanium, IHG Spire, UA Silver, Dennis The Menace Fan Club
Posts: 1,457
It’s very easy to find Marriott offering 35k redemptions on $150 rooms, and equally easy to find them offered on $300 rooms. Pay cash when the roomrate on a Cat5 property is $150, redeem when its $300+. That way you avoid poor redemption values.
My own records show that I’ve redeemed my 3million lifetime points at an average of 1.3UScents per point. This year, because I spent out my stash in 2016 and 2017, I’ve only redeemed 3 nights using 100,000 points at 1.2UScents per point.
Incidentally I’m also a Spire with IHG. Points on spend accumulate at roughly the same rate but IHGs promos pay out way more points than Marriotts. There I redeemed 19 nights using 450,000 points at 0.9UScents per point
My own records show that I’ve redeemed my 3million lifetime points at an average of 1.3UScents per point. This year, because I spent out my stash in 2016 and 2017, I’ve only redeemed 3 nights using 100,000 points at 1.2UScents per point.
Incidentally I’m also a Spire with IHG. Points on spend accumulate at roughly the same rate but IHGs promos pay out way more points than Marriotts. There I redeemed 19 nights using 450,000 points at 0.9UScents per point
#12
Join Date: Feb 2010
Programs: MR-Amb, Hyatt-Globalist, AA-EXP
Posts: 1,744
I was planning to book 8 nights in Athens, Greece using my Marriott points. After doing a search I found Marriott rooms for around $160....or 37,500 points.
Is this typical?
I had thought that 37,500 points would get more than a $160 room or vice versa, $160 wouldn't require 37,500 points.
Is this typical?
I had thought that 37,500 points would get more than a $160 room or vice versa, $160 wouldn't require 37,500 points.
#14
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You can certainly find redemptions for over 1 cent if you are looking for it. Just plug in ski resorts around Christmas time.
But if you're not looking to ski at Christmas time, the "ease" of finding them isn't really relevant.
I have a spreadsheet for staying in Barcelona and Madrid next summer. Of the 25 properties I looked at, comparing points vs redemptions for that specific period, I found 3 properties over 1 cent - 1.006, 1.021, and 1.012. They averaged 0.84.
5th night free raised it to about 40% of the properties, but going to 6, 7, etc. nights starts bringing it back down.
I suspect if I searched other then prime holiday time, the values would drop, with off-season rates, as OP probably is searching. That's the time to pay cash.
But if you're not looking to ski at Christmas time, the "ease" of finding them isn't really relevant.
I have a spreadsheet for staying in Barcelona and Madrid next summer. Of the 25 properties I looked at, comparing points vs redemptions for that specific period, I found 3 properties over 1 cent - 1.006, 1.021, and 1.012. They averaged 0.84.
5th night free raised it to about 40% of the properties, but going to 6, 7, etc. nights starts bringing it back down.
I suspect if I searched other then prime holiday time, the values would drop, with off-season rates, as OP probably is searching. That's the time to pay cash.
Last edited by CPRich; Dec 19, 2018 at 5:18 pm