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Originally Posted by controller1
(Post 30041383)
On a Travel Package, only the points allocated to the airline miles immediately relieve Marriott of any balance sheet liability. That's because that part of the transaction is final. The points allocated to the hotel stay do not relieve Marriott of any liability until the reservation is used.
Originally Posted by controller1
(Post 30041440)
I'm going to doubt that. Marriott would have a significant amount of history to indicate what percentage of their liability will be used for the purchase of airline miles versus the amount that will be used to secure hotel award reservations. It will be this blended cost per point that will be used for the valuation of the liability. With the amount of history Marriott will have, over a year there are probably only relatively small fluctuations requiring a revaluation of the liability.
They very well may blend the liability in toto however that's not what you stated in your first post on the matter. |
Originally Posted by jiteshjerome
(Post 30038901)
Apparently this is only for upgrading an existing package. It might get resolved within 48 hours. I was holding a CAT 6 and was thinking about a CAT 8. However, not too sure - they might mess this up in the last few minutes.
HUCA, she said after 30 that the system is down and can't make it happen. I check in today at Ritz, hoping I can do this after the fact... |
Originally Posted by pilgrim
(Post 30039421)
Some have received the five-night package who weren't MVC members and had it cancelled when audited.
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Originally Posted by dsquared37
(Post 30041462)
I'm sure they have plenty of history however you broke down the transaction into separate parts; airline points and subsequently the award liability, stating the miles immediately relieved Marriott of that liability. I merely stated that liability is mitigated by the costs associated with purchasing those airline miles so the write down could be minimal or non-existent. Marriott has the data, we don't.
They very well may blend the liability in toto however that's not what you stated in your first post on the matter.
Originally Posted by dsquared37
(Post 30041401)
But concurrently Marriott is purchasing airline miles, which are likely more expensive than their internal value of points, so Marriott could be taking a financial hit on the miles portion which is subsequently negated (and then some) on the hotel cert.
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I have one Cat 7 certificate. The hotel I am planing to stay is currently Cat 7 but will be Cat 5 later this August. Should I downgrade to get some points back before attaching it to the reservation?
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Originally Posted by jrey
(Post 30042164)
I have one Cat 7 certificate. The hotel I am planing to stay is currently Cat 7 but will be Cat 5 later this August. Should I downgrade to get some points back before attaching it to the reservation?
Buying a cat 5 certificate today (25,000 points per night) will not attach to a cat 7 reservation today, so you couldn't reserve that room today with a cat 5 certificate, and the old cat 5 certificate will not redeem a room at a (new) cat 5 on 18 August. Here is the new chart, which takes effect on August 18th: https://members.marriott.com/redeem/...&lk=1000280106 And here you can enter the hotel and find out the change (if any) in the number of points required for a night's room reservation on 18 August and after: https://points-redemption.marriott.com/category-change |
Does anyone know if I use the book now pay later option for points booking does that guarantee me the lower number of points?
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Has anyone tried to extend a package for an additional year lately? Have a package expiring in November and would be interested in getting the additional year and attaching cert for a trip next August. |
Originally Posted by onlysuites
(Post 30042684)
Does anyone know if I use the book now pay later option for points booking does that guarantee me the lower number of points?
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Originally Posted by DCLobo
(Post 30042723)
Has anyone tried to extend a package for an additional year lately? Have a package expiring in November and would be interested in getting the additional year and attaching cert for a trip next August. |
If I get Cat-9 package, will it become the new Cat-7? Then I can book the new Cat-8 stay? This would be the highest MR category.
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Originally Posted by RedSun
(Post 30042955)
If I get Cat-9 package, will it become the new Cat-7? Then I can book the new Cat-8 stay? This would be the highest MR category.
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Originally Posted by DCLobo
(Post 30042723)
Has anyone tried to extend a package for an additional year lately? Have a package expiring in November and would be interested in getting the additional year and attaching cert for a trip next August. |
Originally Posted by Willbur
(Post 30043067)
I too have a certificate expiring in November that I'd like to extend. I've called five times and each time after waiting on hold and then the agent placing me on hold a while they've come back and said that it's too far from the expiration date now to extend it and to come back and try closer to expiration. I think for the next call I'll just upgrade the certificate to extend it automatically because this is getting annoying.
When I think I'm going to extend one, I just set an alarm in my phone for the week prior to the expiration. You can easily do the upgrade in that same phone call (obviously November would be at *new* upgrade rates). |
I have usually extended my TP's one day before they will expire. That being said, I did extend two of my TP's at the end of July. I had no problem doing this. I wanted to attach one to a hotel in Nov. and in order to do so, they had to extend it anyway. It was not a problem.
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