Marriott Bonvoy Devaluation History
The 2022 chart elimination
On March 29, 2022, Marriott Bonvoy scrapped its award charts and moved to what it calls Flexible Point Redemption Rates. Through the end of 2022, most hotels still used a range between off-peak and peak prices, preserving some predictability, but the writing was on the wall. This followed years of erosion after the 2018 Starwood merger blended SPG and Marriott into one weaker currency. See Marriott Bonvoy guide.
Full dynamic pricing in 2023
In 2023, Marriott removed the minimum and maximum limits entirely, so award prices now move up and down daily to track cash rates with no cap. The effect was a sharp devaluation at desirable hotels: the maximum price for a former category 5 property rose from 40,000 points to 69,000 points between early 2022 and late 2023, about a 72 percent jump. Aspirational stays, where members hoped to get the most, took the biggest hits. See dynamic pricing.
What Bonvoy points are worth
Marriott points are worth well under a cent each, and with dynamic pricing there is no chart to find a deal, so value depends entirely on matching points to a high cash rate. Use Bonvoy points for stays where the cash rate is high relative to the points price, lean on the fifth-night-free benefit, and do not bank them long, since the trend is firmly up. See earn and burn and the devaluation overview.
Stop guessing at point values. Look up the real award price and live availability for a specific trip before you transfer.
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