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29 Mar 2022 : Introduction of Dynamic award pricing and removal of award chart

Old Feb 25, 22, 8:38 am
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Last edit by: beltway
*** It seems the Free Night Certificate + Points "top-off" redemption went live on April 29 or 30th 2022 - Discussions here: https://www.flyertalk.com/forum/marr...on-thread.html ***

Starting March 29, our new flexible point redemption rates will go into effect. That means free nights will align more closely with nightly rates and availability. For stay dates in 2022, you can expect that nearly all of our hotels will have the same minimum and maximum number of points required for redemption similarly to how they were previously categorized.

All the ways you earn points will not change youll just have more flexibility when youre ready to redeem.

Plus, starting at the end of April, you can combine your Free Night Award with up to 15,000 points to access more hotels youll love.

Our current redemption process will remain in place through March 28. After that, you will not see hotel categories (18) or redemption rates classified as Off-Peak, Standard, or Peak. At the same time, as part of our yearly redemption assessment process (similar to our annual category changes in previous years), the minimum point redemption rates will increase for approximately 200 hotels on March 29 thats less than 3% of all hotels. You can explore this list of hotels and decide when and where to maximize your free nights.

With our flexible cancellation policy, you can reserve your redemption stay and still modify your reservation if you find a lower rate in the future.

Want to learn more? Check out all our flexible point redemption rates FAQs.
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29 Mar 2022 : Introduction of Dynamic award pricing and removal of award chart

Old Mar 24, 23, 4:17 am
  #691  
 
Join Date: Aug 2010
Location: CPH
Programs: UAMP S, TK M&S E (*G), Marriott LTP, IHG P, SK EBG
Posts: 9,977
I did the same last May too. 16.5k per night at Surrey Sheraton and cash price was 275++ so the total cost would end up like $320 or so (taxes don't give you points). Biggest bang for the bucks.
ElevatorEnthusiast likes this.
nacho is offline  
Old Mar 24, 23, 6:11 am
  #692  
 
Join Date: Jan 2006
Posts: 79
Originally Posted by Tajador
35k plus topups can be used on luxury properties in markets outside of US. From my experience though, 50k FNC is harder to utilize fully ever since there was an award chart.
That is good to know. I'm sitting on a 85FNA but I've seen nothing in the US under 100K.
Marykatesmom is offline  
Old Mar 24, 23, 8:56 am
  #693  
 
Join Date: May 2011
Location: NYC (LGA, JFK), CT
Programs: Delta Diamond, American Gold, Marriott Platinum, Hyatt Explorist, Hilton Diamond,
Posts: 4,285
Originally Posted by ElevatorEnthusiast
Points increases are obviously a shame, but cash prices in some areas are so crazy. I spent 60K on an upcoming booking for the Vancouver Marriott because cash prices were close to 570 USD (just like everything else in Vancouver in June). Regardless, I'm excited to visit the city almost a year after my first visit (which was the first city I visited outside of the US)!
I always say it - points devalue, but so does the USD. Gotta look at both
Adelphos is offline  
Old Mar 24, 23, 11:36 am
  #694  
 
Join Date: Mar 2023
Location: Ottawa
Posts: 27
Originally Posted by JapanFlyerT
Points value seems to be best at the higher end of the portfolio.
I am seeing pretty high point requirements compared to cash rates for Moxy/Courtyard/Aloft etc.
I just stayed at Mpxy Miami South beach in mid Feb for 40K points a night. Cash rates were about $500. I was happy with this.
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kickincanada is offline  
Old Mar 24, 23, 4:15 pm
  #695  
 
Join Date: Jan 2006
Posts: 79
Originally Posted by kickincanada
I just stayed at Mpxy Miami South beach in mid Feb for 40K points a night. Cash rates were about $500. I was happy with this.
is that oceanfront?
Marykatesmom is offline  
Old Mar 25, 23, 11:41 am
  #696  
 
Join Date: Sep 2014
Location: FLG
Programs: UA Platinum, Marriott Titanium, AA Platinum, IHG PlatInum
Posts: 88
Who decides how many points it costs at each hotel for a free night?

Who decides how many points it costs for a free night? Marriott or the individual hotel? Back when there was a redemption chart, the answer was always Marriott. But now with dynamic pricing, this is a valid question. The purpose of the question is to know who I should be angry at!

I was trying to use to use points advance before it goes away and made a reservation on March 8th for a 10 day stay at the AC Marriott in downtown Tucson, AZ, in late October. At the time, I had 127k points and I needed 239k. I had the option to transfer points from my wifes account (she had 23k), Chase Sapphire still had their deal for a 50% bonus for transfers to Marriott (I had 44k points so that would be a 66k point transfer) and I had 41k points coming to me when my Amex Bonvoy card would post points. That wouldve brought me to 257k points by today (March 25th), which I felt was a safe buffer for any potential increase in points in the 18 days it would take me to collect all those points. I kept track of the reservation and saw that the points required were creeping up (it was at 241k just a few days after I made the booking and 247k about 4 days ago). When I confirmed this morning that I had the 257k points in place, I went into my account to redeem the points, only to find out than in the last 4 days the points needed jumped up by 20k, so I now needed 267k points to complete the booking! I ended up buying the 10k points right away, since at that rate, who knows how many Id need by the time I organically earned those extra 10k points. Thankfully there was a 25% discount on the point, so it was only a slightly outrageous purchase!

Am I being unreasonably upset for a 28k redemption increase in 18 days for a reservation at the end of October? This is an AC Marriott after all, not the JW Marriott resort a few miles away!

Btw, before someone jumps at me for transferring UR points to Marriott and that not being an optimal transfer, just know that I had no other use for those points and they were more valuable to me to use for that reservation. FWIW, the lowest refundable price for a paid stay for the same days is $3700, so an almost 1.4c/point redemption is not too bad in my book. There were some cheaper options around Tucson (both in points and money), but the AC Downtown was the most convenient location for our plans.
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stephanos99 is offline  
Old Mar 25, 23, 11:55 am
  #697  
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Join Date: Apr 2013
Location: PHX
Programs: AS 75K; UA 1K 1MM; Hyatt Globalist; Marriott Ti, LTP; Hilton Diamond (Aspire)
Posts: 53,501
Originally Posted by stephanos99
Who decides how many points it costs for a free night? Marriott or the individual hotel?
Marriott sets redemption rates.
Originally Posted by stephanos99
which I felt was a safe buffer for any potential increase in points in the 18 days it would take me to collect all those points
There's really no such thing. This is always a risk, even when there's only a one day lag, let alone an 18 day lag.

Btw, if you'd waited, there's a very good chance that at some point the price would have gone back down. One of the features of dynamic pricing is frequent swings in redemption rates. Keep watching and if the price goes down you can rebook and get points refunded. Many of us have gotten multiple points refunds on a single reservation as the price progressively drops.
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Kacee is offline  
Old Mar 25, 23, 7:59 pm
  #698  
 
Join Date: Sep 2014
Location: FLG
Programs: UA Platinum, Marriott Titanium, AA Platinum, IHG PlatInum
Posts: 88
Originally Posted by Kacee
Marriott sets redemption rates.
There's really no such thing. This is always a risk, even when there's only a one day lag, let alone an 18 day lag.

Btw, if you'd waited, there's a very good chance that at some point the price would have gone back down. One of the features of dynamic pricing is frequent swings in redemption rates. Keep watching and if the price goes down you can rebook and get points refunded. Many of us have gotten multiple points refunds on a single reservation as the price progressively drops.
Thats strange (to me at least) that Marriott would set the points. I always assumed the dynamic pricing was all about the hotels wanting to be able to charge as many points as they wanted, hence why I thought it mightve been the hotels setting the redemption amounts.

I am aware that the rates can come down, as its happened to me before (strangely enough on a redemption in the Maldives!). But with the last round of changes to the points advance program, you have 60 days from booking to redeem the points, and if theyre not in your account at the 60-day mark, they cancel the reservation. But Ill definitely be checking often between now and then to get point refunds.
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Old Mar 25, 23, 9:04 pm
  #699  
 
Join Date: Dec 2017
Location: SFO/YYZ
Programs: AC 25K, AS MVP Gold, BA Silver, DL Silver, UA Silver, Marriott Titanium, Hilton Diamond
Posts: 2,241
Originally Posted by stephanos99
Thats strange (to me at least) that Marriott would set the points. I always assumed the dynamic pricing was all about the hotels wanting to be able to charge as many points as they wanted, hence why I thought it mightve been the hotels setting the redemption amounts.

I am aware that the rates can come down, as its happened to me before (strangely enough on a redemption in the Maldives!). But with the last round of changes to the points advance program, you have 60 days from booking to redeem the points, and if theyre not in your account at the 60-day mark, they cancel the reservation. But Ill definitely be checking often between now and then to get point refunds.
Marriott is the one who has to pay the hotel when you stay. If occupancy is low they pay a pittance. If high they have to pay effectively rack rate for your award stay. They set the points rates accordingly based on their predictions of when occupancy to try to minimize the cost to them of award stays.
nexusCFX is offline  
Old Mar 26, 23, 8:13 am
  #700  
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Join Date: Apr 2013
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Posts: 53,501
Originally Posted by stephanos99
Thats strange (to me at least) that Marriott would set the points. I always assumed the dynamic pricing was all about the hotels wanting to be able to charge as many points as they wanted, hence why I thought it mightve been the hotels setting the redemption amounts.
The hotels don't get paid based on the number of points paid by the guest, they get paid based on their agreement with Marriott. As nexusCFX explained, the compensation paid by Marriott and received by the hotel is based on occupancy.
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Kacee is offline  
Old Mar 26, 23, 8:27 am
  #701  
 
Join Date: Feb 2020
Programs: British Airways Executive Club Gold, Marriott Bonvoy Ambassador Elite, Hilton Diamond, IHG Platinum
Posts: 1,472
Originally Posted by Kacee
Marriott sets redemption rates.
There's really no such thing. This is always a risk, even when there's only a one day lag, let alone an 18 day lag.

Btw, if you'd waited, there's a very good chance that at some point the price would have gone back down. One of the features of dynamic pricing is frequent swings in redemption rates. Keep watching and if the price goes down you can rebook and get points refunded. Many of us have gotten multiple points refunds on a single reservation as the price progressively drops.
Agreed. I monitor my three points reservations daily and reprice to save points fairly frequently.
Radiation Station is offline  
Old Mar 26, 23, 8:32 am
  #702  
 
Join Date: Sep 2002
Location: Thousand Oaks, Ca., USA
Programs: AA Plat Pro; Bonvoy Titanium Lifetime Elite;Hyatt Globalist; HHonors Diamond; United Silver
Posts: 7,625
Originally Posted by stephanos99
Who decides how many points it costs for a free night? Marriott or the individual hotel? Back when there was a redemption chart, the answer was always Marriott. But now with dynamic pricing, this is a valid question. The purpose of the question is to know who I should be angry at!

I was trying to use to use points advance before it goes away and made a reservation on March 8th for a 10 day stay at the AC Marriott in downtown Tucson, AZ, in late October. At the time, I had 127k points and I needed 239k. I had the option to transfer points from my wifes account (she had 23k), Chase Sapphire still had their deal for a 50% bonus for transfers to Marriott (I had 44k points so that would be a 66k point transfer) and I had 41k points coming to me when my Amex Bonvoy card would post points. That wouldve brought me to 257k points by today (March 25th), which I felt was a safe buffer for any potential increase in points in the 18 days it would take me to collect all those points. I kept track of the reservation and saw that the points required were creeping up (it was at 241k just a few days after I made the booking and 247k about 4 days ago). When I confirmed this morning that I had the 257k points in place, I went into my account to redeem the points, only to find out than in the last 4 days the points needed jumped up by 20k, so I now needed 267k points to complete the booking! I ended up buying the 10k points right away, since at that rate, who knows how many Id need by the time I organically earned those extra 10k points. Thankfully there was a 25% discount on the point, so it was only a slightly outrageous purchase!

Am I being unreasonably upset for a 28k redemption increase in 18 days for a reservation at the end of October? This is an AC Marriott after all, not the JW Marriott resort a few miles away!

Btw, before someone jumps at me for transferring UR points to Marriott and that not being an optimal transfer, just know that I had no other use for those points and they were more valuable to me to use for that reservation. FWIW, the lowest refundable price for a paid stay for the same days is $3700, so an almost 1.4c/point redemption is not too bad in my book. There were some cheaper options around Tucson (both in points and money), but the AC Downtown was the most convenient location for our plans.
Are you sure there werent Hyatt options?
beachfan is offline  
Old Mar 26, 23, 8:35 am
  #703  
 
Join Date: Sep 2002
Location: Thousand Oaks, Ca., USA
Programs: AA Plat Pro; Bonvoy Titanium Lifetime Elite;Hyatt Globalist; HHonors Diamond; United Silver
Posts: 7,625
Originally Posted by Kacee
I have no problem getting value out of the 35k certs. Burned last one at CY King Kamehaha Kona + 6k additional points. The room was going for over $500/night.

They're generally not useful for aspirational redemptions, but if you're a frequent traveler, it's not at all hard to burn them for well over 1 cpp (i.e., $350+ value). Considering the $95 annual fee, that's not bad.
the Ritz Penha Longa in Sintrs was within reach of the 35k certs and I have 3 nights booked.

not sure Ill get to use my 85k where I would like to though.
beachfan is offline  
Old Mar 26, 23, 8:37 am
  #704  
 
Join Date: Feb 2020
Location: USA
Programs: Marriott Ambassador, Hilton Diamond (Aspire), Hyatt Globalist (expiring), AA Gold, UA Silver
Posts: 3,187
It's interesting how market-specific everything is. I was booking 5 weeks of stays earlier today and managed to whittle down 240K points in the process (I currently only have 623 points - the lowest I have ever been). There wasn't a single strong points redemption in Hong Kong, but Singapore, Perth, Brisbane, and Sydney (especially Brisbane) all had redemptions over 1 cent per point.
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Old Mar 26, 23, 8:45 am
  #705  
 
Join Date: Apr 2022
Location: New York, NY
Programs: Marriott, United, Jetblue
Posts: 94
During their original statement over a year ago Marriott only locked in those bands for 97% of their properties so we knew lifting of these ceilings was coming in 2023 with a slow roll out of dynamic pricing. No surprise.

What is a shock is that reward inventory seems to be more difficult to find at aspirational properties.

Finding a 5 day redemptions in peak season has become a challenge in many markets. Feel like I am going to waste a lot of my time searching going forward.
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Ken C is offline  

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