SQ Redemption Devaluation

[spearhawk]

Just to quickly share some calculations. Biz flights are not so much affected (4%-7% increase), but First/Suite increases much more (9%-10%).

Before

After

 

[elnewbie]

How can it be a 4-7% increase when the 15% online bonus is revoked ??

Just to quickly share some calculations. Biz flights are not so much affected (4%-7% increase), but First/Suite increases much more (9%-10%).

Before

After

 

[spearhawk]

How can it be a 4-7% increase when the 15% online bonus is revoked ??

Because taxes are reduced. I am calculating based on cash equivalent costs for miles.

 

[elnewbie]

And what's your valuation of a mile ? 0.02 ?

I would value my miles at at least 0.05 given that it's Biz class.

Because taxes are reduced. I am calculating based on cash equivalent costs for miles.

 

[spearhawk]

Yes. It's written there. =)

 

[elnewbie]

This goes back to the age old question on how much is a mile worth. Even if I can get my miles at zero cost, I would still value at 0.05 as that is the implied value I can derive from getting a J class seat.

Edit: just to add on, SQ will charge you US$0.04 per mile if you are short. So S$0.05 is a fair value.

Yes. It's written there. =)

 

[spearhawk]

This goes back to the age old question on how much is a mile worth. Even if I can get my miles at zero cost, I would still value at 0.05 as that is the implied value I can derive from getting a J class seat.

I based it on the simple fact that one can easily buy miles redemption tickets at that rate or even lower. Although the implied value is much higher, we know miles sellers can't sell at the same cost as an actual cash ticket price.

 

[vince123123]

Theres probably a difference in valuation when you have to buy a mile, and when you redeem a mile. The latter is more difficult to value as it also includes the additional comfort of premium cabins. When buying a mile, one way to value is to see how much it costs for an economy trip in cash as the cheapest cash way to get from A to B and compare that with mile redemption in business. that of course completely disregards the comfort factor, but serves as a good "floor price" in the value of a mile.

 

[civicguy]

I booked four business class tickets from SG to Perth yesterday. The "cash" part (which is airport tax) is cheap. I believed the miles needed are the same as before ? Hence I am better off for this change just for Perth, right ?

 

[OngHuatHuat]

No more 15 % online discount.

I booked four business class tickets from SG to Perth yesterday. The "cash" part (which is airport tax) is cheap. I believed the miles needed are the same as before ? Hence I am better off for this change just for Perth, right ?

 

[civicguy]

No more 15 % online discount.

Oh yes. Stupid me

 

[bladez87]

sian. kind of regret taking the afternoon flight to tokyo, reach there 2150H and gotta waste around 150 for the night's lodging. very pek chek to see the narita day flight open up after i booked my haneda afternoon flight.

 

[dahnoob]

sian. kind of regret taking the afternoon flight to tokyo, reach there 2150H and gotta waste around 150 for the night's lodging. very pek chek to see the narita day flight open up after i booked my haneda afternoon flight.

Cancel and rebook? It's only $30 per pax.

 

[fone]

Cancel and rebook? It's only $30 per pax.

Plus after devaulation mileage requirement. $30 per pax, if 2 pax, $60 vs $150, then still need to consider the costs for getting from airport to city (HND should be cheaper and faster than NRT)

 

[elnewbie]

Why didn't u consider staying at the Capsule hotel within Haneda ? It's only 6000¥ all in, including sauna. Quite an experience for me.

sian. kind of regret taking the afternoon flight to tokyo, reach there 2150H and gotta waste around 150 for the night's lodging. very pek chek to see the narita day flight open up after i booked my haneda afternoon flight.

 

[bladez87]

Cancel and rebook? It's only $30 per pax.

now rebook is new miles requirements...bo hua liao

 

[bladez87]

Why didn't u consider staying at the Capsule hotel within Haneda ? It's only 6000¥ all in, including sauna. Quite an experience for me.

me and gf leh. convenient ah? maybe for 1 night worth trying lor. at least not so chor.

 

[dahnoob]

now rebook is new miles requirements...bo hua liao

You said 'after you booked your HND flight' but did not specify how long after, so I assumed that it was released right after and you would be under old arrangement. If the NRT space was only released after 23rd, there's nothing to regret over because the difference in miles required + rebook fees will more than likely cover the $150 incurred for accommodation.

That said, getting to town from HND at 10pm is not the worst thing to do. The monorail and train both have their last departure at 12am, and the limo bus last departure is around 1am. Getting around central Tokyo at that time may be harder however, so if your hotel is not accessible then it might be better to stay in an airport hotel.

 

[TribleBoob]

This goes back to the age old question on how much is a mile worth. Even if I can get my miles at zero cost, I would still value at 0.05 as that is the implied value I can derive from getting a J class seat.

Edit: just to add on, SQ will charge you US$0.04 per mile if you are short. So S$0.05 is a fair value.

they charge at 4 cents per mile, apparently u cannot sell higher than that. So I would price it below 4 cents

 

[elnewbie]

Not all limo bus routes operate that late. I once got into Haneda at 8pm and wanted to head to Urasayu but no more bus.

You said 'after you booked your HND flight' but did not specify how long after, so I assumed that it was released right after and you would be under old arrangement. If the NRT space was only released after 23rd, there's nothing to regret over because the difference in miles required + rebook fees will more than likely cover the $150 incurred for accommodation.

That said, getting to town from HND at 10pm is not the worst thing to do. The monorail and train both have their last departure at 12am, and the limo bus last departure is around 1am. Getting around central Tokyo at that time may be harder however, so if your hotel is not accessible then it might be better to stay in an airport hotel.