Depending on the specific circumstances, redeeming Marriott Bonvoy points for hotel stays can get you anywhere from 0.5–1.5 cents per point (cpp) in value, and sometimes even more.
Marriott’s loyalty program has undergone many changes in recent years, so it’s worth asking what a Marriott Bonvoy point is worth nowadays.
Based on my hotel booking patterns, I tend to favour paying the cash price when I’d get less than 1 cent per point (cpp) in value when redeeming Bonvoy points, so I’d estimate the worth of a Marriott Bonvoy point to be around 1cpp.
When factoring in the points you’d earn from paying cash for a stay, the bonus points from your elite status, the bonus points from Marriott’s seasonal promotions, as well as another 5–6 points per dollar spent from using a Marriott Bonvoy co-branded credit card, you actually end up earning a considerable amount of points back to use for your next award space.
As a reminder, here’s Marriott’s award chart for hotel redemptions:
If we consider the average hotel in each category (with Category 1–4 encompassing mostly mid-tier hotel brands in suburban locations, and Category 6–8 representing mostly luxury hotel brands in downtown or exotic locations), then 1cpp seems like a reasonable estimate: Category 1–4 properties mostly go for between $75 and $250 per night, while Category 6–8 properties tend to range from $500 to $850 per night.
Obviously, when cash rates are disproportionately high (e.g., holiday periods or special events), it makes sense to redeem points and get outsized value for your points.
Something else to consider when valuing Marriott Bonvoy points is the transfer ratio from American Express Membership Rewards (and MR Select) points. Since each of those points are worth 1cpp towards travel expenses, the 1:1.2 ratio when converting to Bonvoy points makes a Bonvoy point worth at least 1.2cpp when converting Membership Rewards points into hotel points. (If you earned your Bonvoy points from other sources, then this wouldn’t apply.)
Last updated 15 June 2019. Any questions? Contact me.