Using points to make a hotel night ‘free’ is a fun way to save money while still being able to maximize travel opportunities. I added the quotation marks since the night is not truly free. Rather, you are trading in your hard earned points for that night in lieu of paying cash. But, what if there was an opportunity to get a free hotel night without using … [Read more...] about Nothing Better Than a Free Night
Award Travel
How Do You Earn Points and Miles?
Ever since I learned about the significance of points and miles and their usefulness for reducing the cost of travel, I have tried to earn as many of these loyalty rewards as possible. I quickly learned that there are countless ways to earn points and miles but not all methods are created equally. Simply put, the goal of strategic earning is to collect as … [Read more...] about How Do You Earn Points and Miles?
How Valuable are My Points and Miles?
Points and miles are very interesting currencies since they are controlled by corporations. If a company needs to improve their bottom line, they can always choose to devalue their points and miles since it is the easiest target. The unfortunate side of devaluations is that they negatively affect the value that consumers are able to recoup from their rewards. I … [Read more...] about How Valuable are My Points and Miles?
What are Points and Miles?
Points and miles are a magical currency that opens up doors to endless possibilities… well kind of, that's the short answer. The longer answer is that points and miles refer to types of reward currencies that are offered by individual loyalty programs. These programs, designed by a variety of companies, use points and miles to incentivise spending with that company, … [Read more...] about What are Points and Miles?
What is Dynamic Award Pricing?
Points and miles are liabilities to airlines and hotels since they are essentially promises for free travel. In order to reduce this risk, reward programs have begun to transition to dynamic pricing, which allows them to better calculate their risk. Dynamic pricing of awards means that the price of a specific redemption (in terms of points and miles) can change at any given … [Read more...] about What is Dynamic Award Pricing?
