Marriott Bonvoy™ Off-Peak and Peak Redemption Rates Now Available
As announced on August 15, Marriott International is introducing a new award redemption chart that incorporates Off-Peak and Peak point redemption rates, helping drive redemptions when hotels need them most. We wanted to inform you that on September 14, Off-Peak, Standard and Peak rates became available on Marriott.com for stays after October 4.
Off-Peak, Standard and Peak rates are established centrally, with point redemption rates generally refreshing monthly. Rates are set by submarket, a geographic area defined by STR, and are balanced across the system. Hotels will spend the majority of the time in Standard, with a reasonable mix of Off-Peak and Peak nights. As a reminder, while point redemption rates fluctuate for members, owner reimbursement structure will not change.
Additional reminders are below:
- For members, point redemption rates are now fully integrated into the shop & book experience Marriott.com and the Marriott Bonvoy™ App.
- For associates, impacted teams – including Front Office and Revenue Management – should have completed training to ensure hotels are prepared to address guest questions and make adjustments to their sales strategy, as needed, based on their Off-Peak and Peak dates under the new award redemption chart. GMs were asked to complete certification in Land-It by Sep. 13 to confirm readiness.
Should you have questions regarding today’s launch, please view the updated FAQs on MGS.
Thank you for your continued partnership. We look forward to providing benefits to members, owners, and franchisees under the new award redemption chart, and will provide additional program updates as new information becomes available.