Selling hotel points is a great way to save money on your next trip, but also a great source of cash when you need it.
But what are hotel points? And how do they work? In this article, we'll explain everything you need to know about the different hotel rewards programs and selling your hotel points for cash.
About hotel points
Hotel points are earned when you become a member of a hotel’s loyalty program. They’re a form of currency that can be exchanged for free stays at hotels, flights on partner airlines, and even merchandise for online shopping. Points can also be earned by making purchases using a co-branded hotel credit card. Some hotel programs also allow you to trade your points for flights, car rentals, and other travel experiences.
In many cases, members opt for redeeming their points for cash when it makes sense for them.
How to earn hotel points
To earn hotel rewards points for any hotel brand that offers them, you can:
- Book and stay at a hotel that offers a membership program.
- Transfer points from other partner awards programs to your hotel rewards account.
- Apply for an get a co-branded hotel credit card. Often times these come with sign-up bonuses and extra perks that make earning hotel points easier.
Selling hotel points for cash
You may be asking yourself, “Why sell my hotel points?” The reason is different for each individual, but by and large, many people just want cash to spend in a way that suits them, without having to worry about booking a free stay and having to deal with hotel blackout dates and the like.
Selling your hotel points for cash is a great way to get the most value from your points. Because The Miles Market is in the business of providing the best value for your hotel points, we offer a higher value than many other platforms that buy points and miles.
We should add here the process of selling hotel points via TMM
How to determine hotel points value
When selling your hotel points, you have several options. Among them are online marketplaces and individual buyers. However, the safest way to sell your hotel points is through reputable online travel points brokers, such as The Miles Market.
Some tips to keep in mind when safely selling hotel points
· Only deal with reputable hotel points buyer (i.e. The Miles Market)
· Protect your personal information by using secure methods for online transactions. The Miles Market uses proprietary software encryption for all of our transactions so your information remains secure.
To determine the value of your hotel points, it’s helpful to compare them with other rewards programs.
Alternative ways to redeem hotel points
There are many ways to use or redeem the loyalty points you accrue in your account. The possibilities are many. For example, you can redeem them for:
· Free hotel nights or room upgrades
· Transfer your points to airline loyalty programs for free flights
· Gift cards and merchandise at major online retailers
· You can donate your miles to major charities that accept hotel points
What are the best hotel rewards programs in 2023?
The major hotel brands offer excellent rewards programs with perks for their loyalty members.
Hilton points are among the least valuable of the major hotel rewards programs, (for every $100 you spend on Hilton, you get about $6 back), but still a great way to use your points. Hilton has a wide range of hotels and resorts, offering you more options for where you can stay. They are one of the best hotel rewards programs for families, as well as for business travelers because it offers some hotels that are exclusively focused on business travelers or smaller boutique hotels.
IHG Rewards Club Points are fairly valuable, earning about 7 dollars back per $100 spent. These points can be used to stay at IHG hotels or buy airline tickets, gift cards, or other merchandise. If you have any of these points and would like to sell them so that you can get more of the things you want, this guide will help you do just that!
The World of Hyatt program is a hotel rewards program that offers up to six types of points – different levels of earning points with increasing amounts of perks the higher you go, from their base program to elite status. They are one of the best hotel points programs out there, earning roughly $14 for every $100 spent at the hotel.
Marriott Bonvoy is the new rewards program replacing Marriott Rewards, Ritz-Carlton Rewards and SPG. Marriott Bonvoy points can be redeemed for hotel stays, airline miles, and gift cards. Each Marriott Bonvoy point is worth 1 cent each, and members earn back roughly $7 for every $100 spent with the Marriott brand.
You can sell hotel points with The Miles Market!
The Miles Market is the best way to sell your hotel points for cash. You can get the most value for your hotel points with us because our team works hard to garner top dollar while doing it quickly and securely.
We hope this guide has helped you understand hotel points more and how to use them. Redeeming your hotel points, whether it’s for free nights, other goods and services, or trading them in for cash is always a good choice. It’s important to carefully consider all of your options and what works best for your unique situation before deciding to sell your hotel points. Of course, you will always want to protect your personal information when selling points, so always opt for a reputable point broker like The Miles Market.
If you have any questions or want a quote on your hotel points, feel free to contact us at The Miles Market by using our online form. We pride ourselves on customer service and we’re always happy to help!