By Bryce Casson, Founder · Cardocrat · Updated June 2026
The short answer: Marriott Bonvoy eliminated its award charts on March 29, 2022, kept off-peak and peak ranges through that year, then removed all caps and went fully dynamic in 2023. Prices now float daily with cash rates, and they have climbed: the top price for a mid-tier hotel rose more than 70 percent in under two years, continuing a long slide that began with the Starwood merger.
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.
Frequently asked questions
When did Marriott remove its award charts?
On March 29, 2022, when Bonvoy moved to Flexible Point Redemption Rates. Off-peak and peak ranges remained through 2022, and all caps were removed in 2023, making pricing fully dynamic.
How much has Marriott devalued?
Significantly. The top price for a former category 5 hotel rose from 40,000 to 69,000 points between early 2022 and late 2023, about 72 percent, and dynamic pricing has continued to push aspirational stays higher.
Are Marriott Bonvoy points worth it?
They are worth well under a cent each, and with no chart, value comes only from matching points to a high cash rate. Use them on expensive nights, use the fifth-night-free benefit, and avoid hoarding.
Did the Starwood merger devalue points?
Yes. The 2018 merger blended Starwood SPG and Marriott into one program, and the combined currency has steadily lost value since, culminating in the 2022 chart removal and 2023 fully dynamic pricing.
Bryce Casson, Founder of Cardocrat. Every card is ranked by what it actually returns, with all points valued at a flat 1 cent and offers verified against issuer sources. About the author.
