There's word that Marriott's cancellation policy is changing in July. We don't yet have a full statement from Marriott regarding what's coming. However, the talk throughout the industry is that new rules will be implemented when Marriott's current cancellation policy expires on July 5. Let's talk about what you need to know if you're planning a stay with the brand in the upcoming months. You can take a look at the amended cancellation policy Marriott has had in place since April 17 to make comparisons.

First, it looks like Marriott plans to allow guests to cancel new bookings for stays between July 6 and Sept. 30 without penalties as long as they make cancellation requests at least 24 hours prior to the day of arrival. Next, Marriott is supposedly planning to change its policy for pre-paid reservations. Guests can currently change pre-paid reservations up to 24 hours before arrival without incurring penalties as long as reservations were booked by June 30. The big speculation is that this level of flexibility will be off the table going forward. The updated policy will likely ask guests to follow the rules put in place by individual hotel policies. That means that looking at hotel policies before booking will be crucial going forward.

Marriott will obviously be updating its cutoff dates for when you're allowed to make changes to existing reservations. Previously, changes could be made up through July 5 as long as they were requested by June 30. Customers will have to wait a few days to get the official word from Marriott regarding what its updated cancellation policy is going to look like. We don't have an exact date for the announcement yet. However, it will have to be between today and the current policy's expiration date on July 5.

Scott Dylan is a contributing writer at GET.com and has been to (almost) every country in North, Central and South America with nothing more than a backpack, a laptop and the desire to explore. He speaks Spanish fluently and has logged enough time in planes, trains, rideshares, buses, taxis and rickshaws to know how to rack up rewards and points to get anywhere his heart desires for pennies on the dollar. Email: scott.dylan@get.com.