That's because you're comparing to something that was a poor value under the old system. If you do per night points, the increase for a typical week is still significant and doubly so since many of those resorts that made the most sense under the old system make up the new higher cat 8.No of course not. There is still a significant value in points as LAX Mom is showing. It appears the best deal is in the 5 night stay.
...When booking my trip for Italy using points, I was SHOCKED by the cost of the Marriott Capri that I booked (of course I reserved with points). It was 650euro or about $845per night! That is $5915 per week. A week at Shadow Ridge would not rent that much. Trading in my Shadow Ridge for 2 weeks would not make rent for even close to that much, so I can see why they changed the point requirements.
I...BUT, If I remember what they said in the presentation, they never promised me I would forever stay in a category 7 hotel for 7 nights for however long I owned my timeshare. We can still trade in our timeshare for points to be used for 7 nights but they won't be a category 7. I think it's an unreasonable expectation that my points or "money" would buy me the same fixed amount of hotel stays at the same fixed quality forever. Things eventually cost more, they are never fixed. ...
From a cost standpoint or at least rack rates, the timeshares should escalate as much or more than most hotels so it should be a wash at worst. What's likely getting us is the percentage of units that go unrented from the MVCI standpoint. Otherwise it's simply a shifting of funds, essentially a tax on those that use the system. Some of the cash equivalent options like air may cost Marrriott more going forward but it's interesting that's the one portion that doesn't seem to have gone up. Ultimately their goal is that you'll deplete your points faster and then stay on cash that extra night here and there, they do add up to their bottom line.Things eventually cost more, they are never fixed. Still, I don't like it at all.
And IMO, this tied in to the combo awards is the only way to generate a value to the system. If you use it that way AND you can get what you need, then there is some value. The entire system could be abolished tomorrow. It's simply too risky and too low a return to make it reasonable to put much or any value on it worth paying for. If it's essentially free and you can still use it and get value, it's gravy and that's all one should look at it as in the timeshare context.I have to beg to differ. A night in a very high end hotel in Europe is costing hundreds of dollars and people do pay those rates.
Didn't I just say that about MVCI unit values increasing as well, LOL. If they escalate the points charts to devalue points, they should increase the points given if you trade for points. IF it were fairly static, it shouldn't matter.This just hit me as i'm driving home (maybe i'm slow). If the cost of hotels are not fixed and go up year by year, then the same can be said for the units they receive from owners to rent (or whatever). The units we turn in for points are eventually rented out to others, so, using the same logic, those units should cost more year by year, just like hotels. Why would Marriott fix the amount it costs them (in terms of points) to have our units, yet charge others more when they rent those units? No, it doesn't work this way.
The value of our units will also go up year to year so the amount of points Marriott should give us to have those units should go up as well. If not, no one will turn in their units for points (because it wouldn't be worth it) and eventually, Marriott would have nulllified their main selling point. It doesn't make any sense.
I'm going to a sales presentation in December and i'll ask them some questions about value. I'm curious how they will respond.
Do you really think this is responding to people's thoughtful comments on further devaluation of points or is Marriott just trying hard to fill empty hotel rooms (like just about every other hotel chain right now)?
Starwood is running 20-50% off nights specials daily as well as special lowered SPs required to stay in hotels. My week in Greece just got 20,000 SPs cheaper thanks to their new promo.
I think they are just responding to the generally slow economy and the lack of tourists to fill rooms. It has little to do with a "start to turning around" their continued devaluation of benefits. When the hotels fill again, they will revert to the devaluation model again in a heart beat. Trust me.