You can now buy Marriott Bonvoy points with a 60% bonus, for a limited time. If you are a member of the Marriott Bonvoy loyalty program, read on for savings.
The Points Guy ~ ” Marriott just announced a huge sale on Marriott Bonvoy points. From now through June 30, 2020, you’ll receive 60% bonus on all Marriott Bonvoy points you purchase, dropping the cost of these points to just 0.78 cents per point. This is a steep discount when compared to the usual price of 1.25 cents per point, and is the best price we’ve ever seen for Marriott Bonvoy points.
We’ll take a closer look at the promotion and discuss times when it makes sense to purchase Marriott points. But before we do that, let’s address the question on all our minds: should you buy hotel points in the middle of the coronavirus outbreak?
The world is currently in the middle of the global coronavirus outbreak — this has brought travel to a near standstill, and you should only take essential trips until the virus is contained. That said, there are a couple of things to keep in mind if you’re planning to purchase Marriott Bonvoy points during this promotion.
The first is the financial state of the hospitality industry. The coronavirus has brought hotel demand to virtually zero, with hotels in the U.S. reporting extremely low occupancy rates. Marriott is expecting a 45% drop in occupancy this year, and while it has a plan in place to deal with this downturn, there’s no guarantee that Marriott will make it through the coronavirus outbreak without serious financial hardship.
We’re confident that Marriott will make it through the downturn unscathed, but in a worst-case scenario where Marriott did go bankrupt or insolvent, your newly purchased points could be rendered worthless. With that in mind, only purchase Marriott points during this promotion if you’re confident that the hotel group will make it through the coronavirus outbreak without filing for bankruptcy or otherwise going bankrupt.
In addition, TPG only recommends buying points and miles of any type unless you have an immediate plan to use them. This means you’ll purchase hotel points for a stay that happens after it’s safe to travel again, which is likely to be in late 2020 or early 2021. There’s no way to guarantee this though, so make sure to familiarize yourself with Marriott’s change and cancellation policies before you buy miles to book a stay that you may need to cancel.” ~ The Points Guy