How A lot Marriott Bonvoy Resort Factors Are Price In July 2022 – Forbes Advisor

Marriott is likely one of the largest lodge manufacturers on this planet with a distinguished loyalty program, Bonvoy, that’s unattainable for frequent vacationers to overlook.

Since Marriott Bonvoy dropped its award charts and moved to a dynamic award-pricing mannequin, it’s extra essential than ever to know how a lot Marriott Bonvoy factors are value. With out award charts, the quantity of Bonvoy factors wanted to redeem for a free lodge evening can change based mostly on demand. Which means charges can change even inside a single lodge keep.

Understanding how a lot Marriott Bonvoy factors are value may also help you maximize the worth of your redemptions. Whereas not each redemption will present the “greatest worth” in cents per level, armed with information you possibly can determine when it is smart so that you can use your factors and when saving them for an additional day is a greater choice.

How A lot Are Marriott Bonvoy Factors Price?

After cautious and detailed evaluation, Forbes Advisor has decided that the worth of a Marriott Bonvoy level is $0.0074
. Which means, one Bonvoy level ought to fairly get you 0.74 cents per level
in worth when in comparison with paying money—we’ll discuss extra about how we got here up with this valuation additional down.

Horrible, Poor, Honest, Good and Glorious Values

Having a base worth of Marriott Bonvoy factors may also help you identify in case you are getting or dangerous deal when redeeming your factors, nevertheless it’s not fairly that straightforward in the actual world. Similar to the Kelley Blue Guide costs vehicles, we valued factors on a sliding scale so you possibly can try to satisfy (or beat) a good valuation. Not like a automotive deal you possibly can’t negotiate a worth in factors, however you possibly can know when to pat your self on the again or when to stroll away.

Once we view factors extra holistically, we’ve decided redeeming your factors for something under 0.49 cents per level (CPP) is a usually horrible choice and needs to be prevented in any respect prices—you don’t wish to use your Bonvoy factors for a lemon. We take into account that redemptions ranging in worth from 0.49 to 0.73 cents per level are poor and needs to be reconsidered if an alternative choice exists.

Redeeming for 0.74 cents per level
to 0.99 cents per level is an affordable worth in your Bonvoy factors, providing you with the boldness that you’re getting the “truthful market” worth in your factors.

Redemptions for 1.00 cents to 1.24 cents per level provide you with a superb worth in your Bonvoy factors and needs to be thought-about as getting a “whole lot” in your award reserving. An distinctive worth of Bonvoy factors could be something above 1.25 cents per level, and these award bookings are really maximizing the worth of your lodge factors.

The Worth of Marriott Bonvoy Factors: Class and Location

The worth of every Marriott Bonvoy level can fluctuate relying on the model of lodge, location and dates you might be desirous to redeem your factors. We wished to know if sure manufacturers of Marriott properties supplied extra worth in your Bonvoy factors in comparison with others, or if Bonvoy factors are extra priceless domestically or internationally.

We separated each Marriott lodge model from our knowledge and put them into three distinct classes that match each kind of traveler: luxurious, upscale and worth.

We take into account luxurious properties to be probably the most prestigious resorts in Marriott’s portfolio and embrace lodge manufacturers just like the J.W. Marriott and St. Regis Lodges and Resorts. We discovered the typical worth of Marriott’s luxurious properties to be 0.77 cents per Bonvoy level. Based mostly on knowledge collected in July 2022, that is probably the most priceless class for redemptions together with your Marriott factors.

Marriott’s upscale properties embrace manufacturers like Sheraton and Westin Lodges and Resorts. We discovered the typical worth of a lot of these properties to be 0.73 cents per Bonvoy level, which we take into account to be a poor redemption worth. The distinction between classes could appear small per level, however will add up over a big redemption.

The most important class we analyzed was what we take into account Marriott’s worth properties, which embrace manufacturers like Courtyard and AC Lodges. Bonvoy factors redeemed at these properties are value 0.73 cents per level.

When evaluating Marriott’s home and worldwide properties from the information we collected, we discovered that redeeming your Bonvoy factors for resorts situated within the U.S. provides extra worth than Marriott resorts in worldwide locations.

The common worth of Bonvoy factors for home lodge properties is 0.76 cents per level, whereas worldwide lodge properties averaged 0.74 cents per level. Whereas each of those choices present redemption worth, you possibly can try to get a barely higher deal utilizing your factors for home journeys.

How Marriott Values Bonvoy Factors

You’ll be able to purchase Bonvoy factors from Marriott however is it a good suggestion? If you’re brief a number of Bonvoy factors that you simply want for an distinctive redemption and don’t have the means to acquire extra factors earlier than you’ll want to journey, you would possibly get thinking about shopping for factors. Nevertheless, in nearly all different circumstances, it’s greatest to keep away from shopping for factors.

Marriott sells Bonvoy factors, that are processed by way of factors.com, in increments of 1,000 factors for $12.50. This implies Marriott values Bonvoy factors at 1.25 cents per level. Whereas it is possible for you to to search out properties that provide free award nights which are valued increased than what you should purchase them for, our knowledge confirmed that to be the acute exception, not the rule.

Understanding the Worth of Marriott Bonvoy Factors

Now that we all know the worth and greatest redemption methods of the Marriott Bonvoy loyalty program, let’s look extra carefully on the strategies we used to calculate these valuations.

How To Calculate Resort Factors Valuations

You’ll be able to calculate the worth of any lodge award reserving by multiplying what could be the full money worth in your reserving by 100 after which dividing that by the variety of factors wanted in your redemption.

For instance, in case you are seeking to e-book a three-night keep at The Royal Hawaiian, a Luxurious Assortment Resort, in Waikiki that prices $1,557 in your keep, you’ll multiply $1,557 by 100 to provide the fee in cents: 155,700.

Then do an award search to see what number of Marriott Bonvoy factors it might value to redeem the identical three-night keep. For this instance, let’s say it might value 188,000 Bonvoy factors.

Subsequent, take the 155,700 cents it might value to pay money and divide that by the 188,000 Bonvoy factors it might value to redeem. You’ll find yourself with roughly 0.83 cents per level valuation.

(Value of Award in {Dollars} X 100) / Variety of Factors to Redeem = Cents Per Level Valuation

How We Decided the Worth of Marriott Bonvoy Factors

Factors and miles valuations will differ relying in your supply and the methodology used to calculate their valuations.

In the end, our objective and precedence was to develop a technique that’s related to our readers. We all know everybody isn’t incomes Bonvoy factors for aspirational redemptions just like the Maldives—many people as an alternative wish to take a trip to Myrtle Seaside or Disneyland.

Our knowledge relies on precise reward redemption searches for a whole bunch of Marriott properties in a number of the hottest home and worldwide trip locations. We looked for a wide range of dates in each the short-term and long-term future.

Since our methodology is data-driven and based mostly on actual searches, we’re capable of re-evaluate our valuation of Bonvoy factors simply and regularly by accumulating new knowledge.

As we proceed to watch and replace our knowledge set, we are able to consider other ways to interpret valuations throughout many alternative eventualities inside the Marriott Bonvoy program. As we add extra lodge loyalty applications to our valuations portfolio, we will even be capable to examine which applications can provide extra worth in numerous eventualities.

Backside Line

Our present total valuation of Marriott Bonvoy factors stands at 0.74 cents per level
. Redeeming your factors for a reward redemption for something under that could be a poor worth.

Our knowledge confirmed that Bonvoy factors have a barely increased worth when redeeming for Marriott’s worth and luxurious properties in comparison with their upscale properties. We additionally discovered that your Bonvoy factors are value extra when utilizing them domestically vs. internationally.

Our methodology relies on knowledge from actual reward searches that allow us to remain forward of any loyalty program modifications and retains our valuation present with reward pricing developments. We’ve chosen a number of the hottest trip locations around the globe and evaluated every Marriott property in every location.

We stay up for analyzing the information additional to search out the most effective methods to get probably the most worth out of your Marriott Bonvoy factors.