What Marriott points are worth in 2023 and how to get the most value from them
12.7 هزار بار بازدید -
6 ساعت پیش
-
In this video, I tell
In this video, I tell you about the value of Marriott points after they went to a fully dynamic award chart. After going through the data, I discovered things like the maximum points cost of hotels in 2023 and the best categories of hotels and regions of the world to use points.
Earn Marriott points on every purchase with the following credit cards:
Marriott Bonvoy Bold and Boundless from Chase: bit.ly/3NDByBA
Marriott Bonvoy Brilliant from American Express: bit.ly/3k2uWTc
Marriott Bonvoy Business from American Express: bit.ly/3HtPoFs
Earn cash back on Marriott bookings and other purchases through Rakuten: bit.ly/3aiGdKy
Subscribe to my channel: / @ardens-travel-guide
Chapters
0:00 Intro
0:49 Marriott’s historical award chart
1:16 Marriott dynamic pricing 2022
3:03 Current Marriott award pricing 2023
6:20 Best places to use Marriott points
Disclosure: Some of the links go to webpages from which I will receive a referral bonus or affiliate commission at no additional cost to you.
_________________________________________
Methodology and findings
To create my sample of hotels, I started out with Marriott's lists of hotels that got the most redemptions in 2019 for each region of the world. I removed hotels in China due to quarantine restrictions affecting travel there and the Cosmopolitan due to the recent MGM acquisition. I added the Swan Reserve in Orlando which is a newer popular hotel and additional hotels to get at least one property in each category in each region of the world and at least one property in each of the major Marriott brands. There was no category 8 hotel for the Middle East and Africa due to Al Maha becoming a category 9.
I gathered points and price data for the last two weeks of December 2022 and the month of January 2023. After getting a rough idea of the new award chart, I searched the entire year for other hotels in each category to verify the points minimums and maximums.
To find the value per point for each night, I converted prices from the local currency to USD and divided by the points cost. The original price was the number shown by Marriott before taxes and fees which may slightly undervalue points at hotels with high taxes but this is offset by the fact that you earn points on cash bookings. To determine if the value of points decreased, I separated the dates into three time periods: December 18-23, December 24-31 and January 2023. T-tests showed that there was no statistical difference in points value between the first and third time periods (p greater than 0.1) but points were worth more for the period of December 24-31 (p less than 0.001).
For the remaining calculations of points value, I only used 2023 data. I began by calculating the summary statistics for hotels by category and region. From this, I found that the data was skewed such that the mean would be consistently higher than the median which implies that there are some points with abnormally high points value. About 1.7% of the data points had points values that were higher than 150% of the interquartile range above the 75th percentile while no data points were less than 150% of the interquartile range below the 25th percentile which corroborates this.
I then did regression tests and found no statistical significance for a linear relationship between category and points value (p greater than 0.05) but a statistically significant U-shaped relationship (p less than 0.001) which makes sense given that the averages for category 9 and 1 were higher than the other categories. I added region to the regression using “Asia and the Pacific” as the control group and found that Europe and the USA had statistically significant lower points values (p less than 0.001) while the value in points for the other regions (“The Middle East and Africa” and “Caribbean and Mexico”) were not statistically different (p greater than 0.1). Bonferroni adjusted ANOVA corroborates two groupings with Europe and the USA in one group and the other three regions in a separate group with a statistical difference in the value of Marriott points between the two groups (p less than 0.01 for all comparisons involving a region from each group).
To estimate the average value of points worldwide, I took the means and medians by category for my sample and multiplied by an estimated percentage of hotels in each category worldwide (1~2.85%, 2~14.89%, 3~32.71%, 4~24.96%, 5~14.89%, 6~7.05%, 7~0.63%, 8~1.53%, 9~0.49%). Based on the median, the value would be 0.7185 cents per point while based on the mean, the value would be 0.7879 cents per point.
6 ساعت پیش
در تاریخ 1403/07/08 منتشر شده
است.
12,747
بـار بازدید شده