15000 Flat-Rate Redemptions?
There's gotta be a catch, right?
|
I saw the post on TPG. I'm really intrigued. The wyndham credit card earns 2x points. So it wouldn't be that hard to get a lot of top tier rooms, you would need to spend $7,500. I'm not a hotel snob so I hope their new program is the way they describe it. I remember wyndham from their best rate guarantee days.
|
Too little info
I spoke to a supervisor at Wyndham Rewards...yeah it looks like 15K for all.
That being said we discussed the current credit card sign up. They said they may "grandfather" those people who get the card before May11 into the old program...meaning that if they want to get a room at a Super 8 for 5500 they can for the first year of holding the card. Those details are not worked out yet. |
Wyndham was a 45,000 point offer right now. I wonder if I should apply now or wait to see if they have a better offer when they revamp the program. I hope they keep the credit earning rate at 2x.
|
Originally Posted by Fly1Away1
(Post 24597567)
Wyndham was a 45,000 point offer right now. I wonder if I should apply now or wait to see if they have a better offer when they revamp the program. I hope they keep the credit earning rate at 2x.
Now that they have changed to 15K I went ahead and bit the bullet. I can find 3 nights for $69 bucks sometime in the future! |
Originally Posted by danielv22
(Post 24596599)
There's gotta be a catch, right?
More than 7,500 Wyndham Rewards properties will participate in the new program. Currently the newly acquired Dolce properties are not in the program but they will be participating later this year. Planet Hollywood also does not participate. |
Originally Posted by danielv22
(Post 24596599)
There's gotta be a catch, right?
http://blog.wandr.me/wp-content/uplo...-per-night.jpg The 14k and 16k rooms I exclude because the numbers are close enough, both in points required and number of nights/searches for each in my data set. Looking at the other results, however, shows at least 3,200 hotels increasing in redemption cost while only 425 are reduced. The change actually reduces the average cents/point valuation of a Wyndham Rewards point from 0.5610 cents to 0.4773 cents, a cut of ~17%. The median point value drops from 0.5946 to 0.4666 cents. As long as you only redeem at one of the handful of properties which was a 50k night maybe this is great news. But, on average, I see it as a tough sell. n.b. The link above is to my blog or to one which I am a regular contributor. FT rules require that I disclose that in the post. |
Great analysis, SMB!
You're clearly right in that most properties are actually being devalued with this new system and that people who redeem for the best properties are getting steals. It seems to me that Wyndham is hoping that many of it's customers are unable or too ignorant to book the nicest properties, which are few and far between. Plus, because the only way to earn Wyndham rewards is through paid stays or credit card signups, this is the enticement that will "bring back" the travel hackers who DO know how to redeem the rewards for the best properties, without risking those same hackers being able to take advantage of the system too far. Worst case scenario? Whyndham loses money on a 3 night stay at a nice property, and then that person is trapped into either doing paid stays to accrue points, using the credit card, or simply quitting. |
Originally Posted by sbm12
(Post 24599192)
Sure there is. This change raises the rates more often than it lowers them, at least based on the data I have. It makes Wyndham Rewards points less valuable on average.
The 14k and 16k rooms I exclude because the numbers are close enough, both in points required and number of nights/searches for each in my data set. Looking at the other results, however, shows at least 3,200 hotels increasing in redemption cost while only 425 are reduced. The change actually reduces the average cents/point valuation of a Wyndham Rewards point from 0.5610 cents to 0.4773 cents, a cut of ~17%. The median point value drops from 0.5946 to 0.4666 cents. As long as you only redeem at one of the handful of properties which was a 50k night maybe this is great news. But, on average, I see it as a tough sell. n.b. The link above is to my blog or to one which I am a regular contributor. FT rules require that I disclose that in the post. There will also be the "go fast" option where members can redeem 3,000 points and some cash. |
Wyndham,
I really like the sound of your new award chart, but I'm skeptical that properties that were previously 30k/night will now be able to be redeemed for half that. Will all current Wyndham properties be participating? Will there only be a certain amount of rooms available for award redemption, thus allowing the top properties to severely restrict award redemptions? Also, I heard changes may be coming to the Wyndham-branded credit card card, including a "best bonus offer yet." Can you clarify? |
Originally Posted by Wyndham Rewards 2
(Post 24599854)
We will also be having the "go get 'em" which guarantees members earn at least 1,000 points per stay (points points per dollar or 1,000 points, whichever is more). So members will earn points much faster.
On the plus side, the 20/40/60 night bonuses are also better for the cheap stay customer with the fixed rate. If one often spends more on a room the 1,000/night floor doesn't help and the 15,000 fixed bonus is actually a cut, not an increase.
Originally Posted by Wyndham Rewards 2
(Post 24599854)
There will also be the "go fast" option where members can redeem 3,000 points and some cash.
|
Originally Posted by danielv22
(Post 24600044)
Wyndham,
I really like the sound of your new award chart, but I'm skeptical that properties that were previously 30k/night will now be able to be redeemed for half that. Will all current Wyndham properties be participating? Will there only be a certain amount of rooms available for award redemption, thus allowing the top properties to severely restrict award redemptions? Also, I heard changes may be coming to the Wyndham-branded credit card card, including a "best bonus offer yet." Can you clarify? More than 7,500 Wyndham Rewards properties will participate in the new program! As of now, the newly acquired Dolce properties are not in the program but they will be participating later this year. Planet Hollywood also does not participate. The go free award will allow you to redeem a free night at any of our participating hotels worldwide – any standard room (up to max. occupancy), at any participating property, down to last room available, with no blackout dates. We will follow up with more information on the credit card shortly. |
Originally Posted by sargenet
(Post 24597396)
I spoke to a supervisor at Wyndham Rewards...yeah it looks like 15K for all.
That being said we discussed the current credit card sign up. They said they may "grandfather" those people who get the card before May11 into the old program...meaning that if they want to get a room at a Super 8 for 5500 they can for the first year of holding the card. Those details are not worked out yet. Just to clarify, Wyndham Rewards Visa Credit Card holders will be given access to the old loyalty program redemption categories for a specific period of time after the new program launches on May 11. Full details and instructions will be communicated in the coming weeks via email to all cardholders. |
Is there a way to search hotels by category for an entire state ?
I would like to find the nicest Wyndham's in Florida to redeem the 15K per night at. Thanks
Originally Posted by Wyndham Rewards 2
(Post 24601056)
More than 7,500 Wyndham Rewards properties will participate in the new program! .
Thanks |
Originally Posted by flyer4512
(Post 24602982)
Can we see a list of participating properties...............I was wondering if the Wyndham Garden Fort Myers Beach will be participating.
Thanks |
All times are GMT -6. The time now is 7:23 pm. |
This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.