Marriott Bonvoy Points Devaluation: What You Need to Know
Hello, travel enthusiasts! Today, we're diving into a topic that's been making waves in the points and miles world: the recent Marriott Bonvoy points devaluation. Don't worry, we've kept it casual and friendly, just like chatting with your favorite travel buddy. Let's get started! Guys, explore more in Guides And Explainers and marriott bonvoy down.
What's the Deal with Marriott Bonvoy Points Devaluation?
Marriott Bonvoy, the loyalty program of Marriott International, has recently announced changes to its award chart. Effective March 4, 2022, the cost of redeeming points for free nights at many Marriott properties will increase. This is what we in the points game call a "devaluation."
But why should you care, you ask?
Well, Marriott Bonvoy points devaluation means that it'll now cost you more points to book the same hotel rooms. In other words, your points won't stretch as far as they used to. Let's explore what's changing and how it might affect your travel plans.
Which Marriott Categories are Increasing?
Marriott has seven categories of hotels, with Category 1 being the least expensive and Category 7 being the most luxurious. Here's a breakdown of which categories are increasing and by how much:
- Category 1: No changes - Category 2: No changes - Category 3: No changes - Category 4: No changes - Category 5: 5,000 to 10,000 points increase - Category 6: 10,000 to 20,000 points increase - Category 7: 10,000 to 30,000 points increase
As you can see, it's the higher-end properties that are seeing the most significant increases. But don't worry, there are still plenty of affordable options out there!
When are These Changes Taking Effect?
The Marriott Bonvoy points devaluation is set to take effect on March 4, 2022. After this date, the new award chart will apply to all new bookings. If you have existing award reservations, they will be honored at the points level you booked them, even if the property re-categorizes.
How to Mitigate the Impact of Marriott Bonvoy Points Devaluation
So, what can you do to make the most of your Marriott Bonvoy points in light of this points devaluation? Here are a few tips:
Book Now, Pay Later
If you have a specific redemption in mind, consider booking now and paying later. As long as your booking is made before March 4, you'll be able to lock in the current points rate.
Hold on to Your Points
If you're not ready to book a trip just yet, consider holding onto your points. While it's always a good idea to have a redemption strategy, waiting it out could pay off if Marriott introduces new redemption opportunities or sweet spots in the future.
Consider Marriott's Peak and Off-Peak Pricing
Marriott introduced peak and off-peak pricing a few years ago, which can sometimes offer better value than the standard rate. With the new award chart, it might be worth exploring these options even more.
Diversify Your Points Strategy
Don't put all your eggs in one basket! Consider diversifying your points strategy by earning and redeeming with other hotel programs as well. This can help you take advantage of sweet spots and avoid the sting of devaluations.
The Bottom Line
Marriott Bonvoy points devaluation is never fun, but it's a part of life in the points and miles world. By understanding what's changing and adjusting your strategy accordingly, you can continue to make the most of your Marriott Bonvoy points. So, chin up, travel enthusiasts! There are still plenty of amazing redemptions out there waiting for you.
Happy travels!