Marriott Bonvoy awards up 2–16% overnight

Marriott Bonvoy has quietly repriced its awards, resulting in a 2-16% increase in award costs. The changes, which were implemented without notice, saw most properties increase by 3-8%. For example, the Athenee Bangkok now costs 37,000 points, up from 32,000, while the London EDITION increased to 115,000 points from 107,000. The increases have resulted in a decrease in the value of Marriott Bonvoy points, with sampled Bangkok redemptions now yielding around 0.56¢/point after taxes and fees. This devaluation is the latest in a series of changes, including the 2025 round that lifted the Cat-5 ceiling to 76,000 points, a 90% climb from early-2022’s 40,000 points. Our take: 0.56¢ a point after taxes and fees, and a Cat-5 ceiling that has climbed 90% since early 2022 — 40,000 points then, 76,000 now. Marriott devalues without notice, repeatedly, and our house value keeps drifting toward its floor to match. The rule writes itself: never speculatively transfer into Bonvoy, and hold points only against a booking you are ready to confirm today.