WalletHub Names Best Hotel Rewards Program for 2022
Best Hotel Rewards Programs

WalletHub Names Best Hotel Rewards Program for 2022

With Memorial Day weekend upon us, the summer travel season is now getting underway. Unfortunately, thanks to record-high gas prices, those hitting the road for the holiday weekend might find themselves spending more than usual. However, when it comes to hotel stays, loyalty programs may help travelers save this summer and beyond. On that note, the personal finance site WalletHub recently published its list of the top hotel rewards programs for 2022.

First, among the top five offerings assessed by the site, it was discovered that consumers save an average of 11.8% on hotel stays thanks to these loyalty programs. However, on average, the value these rewards programs offer has fallen by 3% when compared to last year. These devaluations were most pronounced at Hilton and IHG while Best Western, Sonesta, and Hyatt actually saw increases in value.

As far as determining a top hotel rewards program for 2022, WalletHub graded different offerings based on a rubric. Among the factors considered were geographic coverage, reward value, earning policies, redemption policies, and more. Also notable is that WalletHub only compared the top 10 largest hotel chains in the United States (based on the number of properties).

Topping the list with an overall score of 73.10 out of 100 was Radison’s Rewards Americas. Radisson’s victory was aided by its first-place finish in the Earnings Policies and “Other Factors” categories, as well as a second-place ranking in Redemption Options. Meanwhile, Radisson came in third in terms of Rewards Value, with an average savings of $11.66 for every $100 spent. Incidentally, this total was even across Light, Moderate, and Heavy Travelers.

While Radisson came in first overall, other brands lead the way in specific categories. For example, World of Hyatt tied Radisson for first place in terms of Earnings Policies, while Marriott Bonvoy led for Geographic Coverage and Hilton Honors topped Redemption Options. When it comes to Rewards Value, Wyndham Rewards came out ahead, saving Heavy Travelers an average of $12.84 per $100 spent ($12.31 among Moderate and Light Travelers). Outside of the rubric, of the programs assessed, Best Western and Sonesta Travel Pass were the only programs with points that never expired.

Ultimately, as travel demand continues to roar back, consumers may be well-served to consider these loyalty programs as a means of saving money on future getaways. While some programs may mostly benefit frequent guests, others — such as those with non-expiring points — might be more appealing to casual travelers. Additionally, several of these top programs also offer co-branded credit cards that might unlock extra perks and earning opportunities. For more on WalletHub’s findings, you can check out their full 2022 hotel rewards report.

Leave a Reply

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...