Marriott Bonvoy points are usually worth about 0.7 to 0.9 cents each, so 38,000 points is roughly $266 to $342 in value. A simple midpoint estimate is about $304.

For Hawaii , the value can be better or worse depending on the hotel and dates, because Hawaii properties often price higher in points than standard Marriott stays. That means 38,000 points might cover:

  • A lower-category Marriott night with good value.
  • Part of a higher-end Hawaii stay.
  • Better value if you use a 5-night award stay, since Marriott’s fifth-night-free benefit can stretch points further.

Practical read

  • Conservative value: about $266.
  • Typical value: about $304.
  • Strong redemption: maybe $380+ if you find about 1 cent per point or better, which can happen on pricier Hawaii nights.

Simple example

If a Hawaii night costs $450 cash or 38,000 points , your points value is about 1.18 cents each , which is a strong redemption.

TL;DR: 38,000 Marriott points are usually worth around $300, but in Hawaii they can be worth more if you find a high-cash-price night.