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I just attached a (7) night Cat 9 to a stay at Scrub Island. (after a 20 min hold on the plat-now tin-line) . Reservation now shows I have certificates attached, but the TP cert still shows in my unused list. Will it take time to update? I've done this before and thought it updated immediately.
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IF Marriott wants to make members whole, they can up-convert the certificate or refund the points. I don't see other options. The cost of up-conversion is just too high: there will be a rush to buy the higher-category certificates and the few high-end hotels will be quickly booked with these certificates (and frankly, they're the only ones worth staying 7 nights straight). Refunding the points with a hard expiration date, on the other hand, would be more straightforward. Since these points would expire, there won't a rush to accumulate these points.
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Originally Posted by tth6133
(Post 29930569)
IF Marriott wants to make members whole, they can up-convert the certificate or refund the points. I don't see other options. The cost of up-conversion is just too high: there will be a rush to buy the higher-category certificates and the few high-end hotels will be quickly booked with these certificates (and frankly, they're the only ones worth staying 7 nights straight). Refunding the points with a hard expiration date, on the other hand, would be more straightforward. Since these points would expire, there won't a rush to accumulate these points.
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Originally Posted by HHonors OUTSIDER
(Post 29930660)
I am not sure why you think a small up-tick in the replacement point-based certs is such a high cost to Marriott?
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Originally Posted by HHonors OUTSIDER
(Post 29930660)
I am not sure why you think a small up-tick in the replacement point-based certs is such a high cost to Marriott? Also, its not the members fault they are implementing this new "point-based" chart with high and low season where all the categories supposedly don't fit any of the current SPG or Marriott categories. Seems like a good way to do a stealth devaluation of both Programs.
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Originally Posted by tth6133
(Post 29930720)
TWouldn't there be a rush to buy these certificates?
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Originally Posted by lexdevil
(Post 29930747)
Only if they clarify the policy before August 1. The uncertainty is probably enough to discourage a rash of redemptions.
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Originally Posted by tth6133
(Post 29930720)
Take my current cat-9 certificate example above. It's currently good for 7 nights at a 45K/night hotel. If Marriott up-converts it, it would have to be at least good for a new cat-6 hotel in any season at 60K/night. With an "up to 60K" certificate, you can also book a cat-7 hotel outside of the peak season. Wouldn't there be a rush to buy these certificates?
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Originally Posted by HHonors OUTSIDER
(Post 29930938)
So you are concerned about the high cost to Marriott when they just increased cat 9 hotels redemptions currently at 45,000 points to 60,000 points starting in 2019. What about the high cost to all MR members and SPG members under the guise of "enhancing" the SPG and MR programs?
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Originally Posted by tth6133
(Post 29930966)
Marriott will surely like to minimize its cost. It won't adopt the high cost strategy if a lower cost alternative exists. We're all speculating what Marriott would do with respect to these certificates, and positioning ourselves accordingly.
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Originally Posted by Mr. Vker
(Post 29930540)
I just attached a (7) night Cat 9 to a stay at Scrub Island. (after a 20 min hold on the plat-now tin-line) . Reservation now shows I have certificates attached, but the TP cert still shows in my unused list. Will it take time to update? I've done this before and thought it updated immediately.
Check again tomorrow or day after tomorrow - the cert would disappear by then. |
Originally Posted by tth6133
(Post 29930801)
They would have to before the programs merge. Otherwise, how would you use the current certificate post August 1?
The question is what will happen to unattached certificates, or certificates that are attached to reservations that are changed or canceled after the new program goes into effect. There is no reason Marriott cannot wait to announce its policy for these certificates until that time. In fact, if they are planning to be at all generous, it is probably wise for them to hold off (to avoid the "run on the bank" that would occur if members knew with certainty that unattached certificates would be converted to something, certificates or just points, that was more valuable than what they had spent on those certificates). The above does not mean that I think Marriott will be generous, only that if they are planning to be, they are wise to wait to make this announcement until it is no longer possible to redeem Travel Packages at the legacy rate. |
Originally Posted by tth6133
(Post 29930478)
If they down-convert, certificate holders won't be happy because the refunded points are insufficient to book the same hotels (assuming it's upgradable with points). If they up-convert, they may have to convert to a sufficiently high level to make members whole in all scenarios, but at a high cost to Marriott.
Floater certs, you take your risk to gamble. Given the Lurker's latest words, (and I suggest everyone who is concerned about the conversion to read his first post on this, with a list of FAQ questions without the answers, with bold face), and his repeated comment at the end in the 2 posts (I think it is 1807 and 1810 in the mega thread.), that the treatments would be different towards the Attached (i.e. used) certs (when the reservation is canceled) and the Floater (i.e. Unused) certs once the programs merge. |
Originally Posted by Duke5150
(Post 29930499)
If the hotel you want is going DOWN in point cost why would you attach a certificate now?
Or how would you manage the change is rate? Personally I would find a hotel that no matter what happens, it is fine for me to stick with it. That, means I would make sure to find a hotel that does not go down in category after Aug 1st so to avoid complication. |
Originally Posted by lexdevil
(Post 29931087)
You can use (attach) legacy program certificates at the legacy program rates until the new program kicks in. Those reservations/certificates will be valid, even once the new program takes effect.
The question is what will happen to unattached certificates, or certificates that are attached to reservations that are changed or canceled after the new program goes into effect. There is no reason Marriott cannot wait to announce its policy for these certificates until that time. In fact, if they are planning to be at all generous, it is probably wise for them to hold off (to avoid the "run on the bank" that would occur if members knew with certainty that unattached certificates would be converted to something, certificates or just points, that was more valuable than what they had spent on those certificates). The above does not mean that I think Marriott will be generous, only that if they are planning to be, they are wise to wait to make this announcement until it is no longer possible to redeem Travel Packages at the legacy rate. |
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