Beginning on September 14th, Marriott Bonvoy is introducing a brand new feature to their point redemption system. This change creates redemption rates based on a property’s demand, in addition to the current standard rates already offered. The new rates allow members to redeem points for free nights with off-peak and peak rates at participating hotels.
How does this change affect you?
During times of the year when a Marriott Bonvoy property is deemed to be less busy, you’ll be able to book nights with less points than the standard rate. These off-peak bookings are valued to begin at just 5,000 points per night. That’s an excellent deal compared to the standard rate which begins at 7,500 points per night.
So, if you’re someone who is flexible to plan your trips during off-peak times, you might find Marriott Bonvoy’s addition to be beneficial. However, this change also means that hotels will increase the amount of points required for redemption at times when hotels are more busy. These peak nights will start at a rate of 10,000 points per night.
As always, your points are redeemable at over 7,000 unbeatable locations worldwide. Plus, all hotels and resorts will remain in their current category (1-8). If you’ve been putting off your dream vacation due to high redemption rates, Marriott Bonvoy’s new off-peak and peak rates might just work out in your favor. Even the most popular hotels will offer off-peak redemption rates during specific times of the year.
You’ll continue to receive your annual Free Night Award from your Marriott Bonvoy Credit Card, although new redemption rates may apply. Not to mention, your membership still promises that when you book five nights, you’ll receive the lowest-point night for free.
How does this change affect Cash + Points?
Marriott Bonvoy’s Cash + Points feature will also be affected by the new rates. In the past, if you didn’t have enough points to redeem for your stay, this program allowed you to lock in your rate with cash. Now, you will still be able to book your hotel using a fixed cash rate per category, but the points required for your stay will be based on off-peak, standard, or peak rates. There’s no need to worry about hotels moving into peak rates if you book your trip in advance to lock in your standard rate.
For now, the standard redemption rate will still apply to bookings you’ve already made. However, if you change your reservation after the new rates go live on September 14th, your booking will be subject to the new rates.
Visit Marriott’s website to compare cash rates, redemption rates, Cash + Points rates, and other options.