Unfortunately it looks like IHG has devalued points by as much as 30%. IHG introduced dynamic point pricing worldwide in 2020.IHG indicated that the cost of award nights would be tied to the cash price of a property so far we haven’t seen properties cost significantly more (most likely due to the low cost of paid nights due to the COVID-19 pandemic). That seems to have now changed and properties are costing significantly more than they were, it seems that often points are worth less than 0.4¢ of the list price. As we exit the pandemic, expect a lot more of these devaluations to come.
Hat tip to Loyalty Lobby
