In an earlier post, we talked about a strategy to use best rate guarantees to earn additional discounts or rebates off the lowest rate, potentially saving hundreds or more per hotel stay. Today, I wanted to introduce another strategy for extremely low cost hotel stays. Click here to visit part 2 of the hotel points series.
An underappreciated asset that many people overlook are hotel points. And you don’t have to have any points to take advantage.
How is this possible?
Hotel points have unquestionably developed into a significant financial asset class worth billions of dollars. This is great because there’s typically a market to buy points, and once in a while, major hotel brands will put their points up for sale.
Right now, Hilton is offering a sale where you can buy 17,000 points for $170, and earn an additional 13,600 points.
Why is this sale interesting?
Because 30,600 is a lot of points! Now, you can leverage your newfound point wealth to redeem hotel rooms at a significant discount off their cash price.
For example, 30,000 Hilton points can get you seven free nights at a Category 1 hotel (5,000 points per night, +1 free night for a point redemption of 5 consecutive nights or more if you are a Silver, Gold or Diamond member). At $170, that’s $24.29 per night for a 7 night stay, and even at six nights, that’s only $28.33 per night!
One potential hotel you could stay at is the Hilton Salalah Resort in Oman, pictured above and recommended by The Points Guy.
With taxes and fees, paying in cash would cost you approximately $1,050. But you can get the same room for seven nights for only $170, earning yourself an 83% discount!
You can save even more by purchasing 50,000 points for $500 and earning an extra 50,000 points! Assuming you only stay at category 1 hotels, you can stay 20 nights + 4 free through their 5 consecutive night promotion. Your cost per night falls to $20.83 per night, plus any benefits you could redeem as an elite Hilton member!
Stay tuned for even more strategies on how to use points!
How have you used points to save tons of cents?