How much are Marriott Bonvoy hotel points worth in July 2022 – Forbes Advisor
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Marriott is one of the world’s largest hotel brands with a leading loyalty program, Bonvoy, which frequent travelers can’t miss.
Since Marriott Bonvoy ditched its reward charts and moved to a dynamic pricing model, it’s more important than ever to understand how much Marriott Bonvoy points are worth. Without reward tables, the number of Bonvoy points needed to redeem for a free hotel night may change depending on demand. This means that rates can change even during the same hotel stay.
Understanding how much Marriott Bonvoy points are worth can help you maximize the value of your redemptions. While not all redemptions offer the “best value” in cents per point, armed with knowledge, you can determine when it makes sense for you to use your points and when saving them for another day is a better option.
How much are Marriott Bonvoy points worth?
After careful and detailed analysis, Forbes Advisor has determined that the value of one Marriott Bonvoy point is $0.0074. This means that a Bonvoy point should reasonably earn you 0.74 cents per point in value over paying cash – we’ll talk more about how we found this valuation below.
Terrible, poor, fair, good and excellent values
Having a base value of Marriott Bonvoy points can help you determine if you’re getting a good deal or a bad deal when redeeming your points, but it’s not that simple in the real world. Much like Kelley Blue Book car prices, we’ve rated points on a sliding scale so you can strive to meet (or beat) a fair valuation. Unlike a car deal, you can’t negotiate a point price, but you can know when to congratulate yourself or when to leave.
When we look at points more broadly, we’ve determined that redeeming your points for less than 0.49 cents per point (CPP) is a generally terrible option and should be avoided at all costs: you don’t want to not use your Bonvoy points for a lemon. . We consider buybacks ranging in value from 0.49 to 0.73 cents per point to be poor and should be reconsidered if another option exists.
Redeeming 0.74 cents per point to 0.99 cents per point is a reasonable value for your Bonvoy points, giving you confidence that you are getting “fair” value for your points.
Redeeming 1.00 cents to 1.24 cents per point gives you excellent value for your Bonvoy Points and should be considered a “bargain” on your reward booking. An exceptional value of Bonvoy points would be over 1.25 cents per point, and these reward bookings really maximize the value of your hotel points.
The value of Marriott Bonvoy points: category and location
The value of each Marriott Bonvoy point may vary depending on the hotel brand, location and the dates you wish to redeem your points. We wanted to know if certain brands of Marriott properties offer more value for your Bonvoy points compared to others, or if Bonvoy points have more value domestically or internationally.
We separated each Marriott hotel brand in our data and categorized them into three distinct categories that correspond to each type of traveler: luxury, upscale, and value.
We consider luxury properties to be the most prestigious hotels in Marriott’s portfolio and include hotel brands such as JW Marriott and St. Regis Hotels and Resorts. We found the average value of Marriott luxury properties to be 0.77 cents per Bonvoy point. Based on data collected in July 2022, this is the most valuable category for redemptions with your Marriott points.
Marriott’s upscale properties include brands such as Sheraton and Westin Hotels and Resorts. We found the average value for these types of properties to be 0.73 cents per Bonvoy point, which we consider low cashback value. The difference between categories may seem small per point, but will add up on a large redemption.
The largest category we analyzed was what we consider Marriott value properties, which include brands like Courtyard and AC Hotels. Bonvoy points redeemed at these properties are worth 0.73 cents per point.
By comparing domestic and international Marriott properties from the data we have collected, we have found that redeeming your Bonvoy points for hotels located in the United States provides more value than Marriott hotels in international destinations.
The average Bonvoy point value for domestic hotel properties is 0.76 cents per point, while international hotel properties averaged 0.74 cents per point. While both of these options offer good redemption value, you can aim for a slightly better deal by using your points for domestic travel.
How Marriott Values Bonvoy Points
You can buy Bonvoy points at Marriott but is it a good idea? If you’re missing a few Bonvoy Points that you need for an exceptional redemption and can’t afford to get extra Points before you need to travel, you can start considering buying Points. However, in almost all other cases it is best to avoid buying points.
Marriott sells Bonvoy Points, which are processed through points.com, in increments of 1,000 points for $12.50. This means that Marriott values Bonvoy points at 1.25 cents per point. While you can find properties that offer free reward nights that are worth more than you can buy them for, our data has shown that this is the extreme exception, not the rule.
Understanding the Value of Marriott Bonvoy Points
Now that we know the value and the best strategies for redeeming the Marriott Bonvoy loyalty program, let’s take a closer look at the methods we used to calculate these valuations.
How to Calculate Hotel Points Ratings
You can calculate the value of any hotel reservation by multiplying the total cash price of your reservation by 100, then dividing that result by the number of points needed for your redemption.
For example, if you are looking to book a three-night stay at the Royal Hawaiian, a Luxury Collection Resort, Waikiki that costs $1,557 for your stay, you would multiply $1,557 by 100 to get the rate in cents: 155,700.
Then do a rewards search to see how many Marriott Bonvoy points it would cost to redeem the same three-night stay. For this example, let’s say it would cost 188,000 Bonvoy points.
Then take the 155,700 cents it would cost to pay in cash and divide that by the 188,000 Bonvoy points it would cost to redeem. You will end up with a valuation of around 0.83 cents per point.
(Cost of the reward in dollars X 100) / Number of points to be redeemed = Cents per point Valuation
How We Determined the Value of Marriott Bonvoy Points
Point and mile ratings vary depending on your source and the methodology used to calculate their ratings.
Ultimately, our goal and priority was to develop a relevant methodology for our readers. We know that not everyone earns Bonvoy points for ambitious redemptions like the Maldives – many of us want to take a vacation to Myrtle Beach or Disneyland instead.
Our data is based on real rewards redemption searches for hundreds of Marriott properties in some of the most popular domestic and international vacation destinations. We searched for a variety of dates in the short and long term future.
Our methodology being data-driven and based on real research, we are able to reassess our valuation of Bonvoy points easily and regularly by collecting new data.
As we continue to monitor and update our data set, we can assess different ways to interpret valuations in many different scenarios within the Marriott Bonvoy program. As we add additional hotel loyalty programs to our portfolio of reviews, we will also be able to compare which programs may offer more value in different scenarios.
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Our current aggregate valuation of Marriott Bonvoy points is 0.74 cents per point. Redeeming your points for a reward redemption for anything below that is poor value.
Our data has shown that Bonvoy Points have a slightly higher value when redeemed for Marriott’s value and luxury properties compared to their premium properties. We have also found that your Bonvoy points are worth more when used domestically than internationally.
Our methodology is based on data from real rewards research which allows us to stay ahead of any loyalty program changes and keep our rating up to date with rewards price trends. We’ve selected some of the world’s most popular vacation destinations and rated every Marriott property in every location.
We look forward to analyzing the data in more detail to find the best ways to get the most out of your Marriott Bonvoy points.