We reported on April 2n based on evidence that IHG Rewards devalued its dynamic award pricing introduced in 2019 by 30% (read more here) based on searches executed.
It seems, however, that IHG may have made further changes last week, perhaps based on the outrage by IHG Rewards members.
You can access IHG Rewards here.
IHG Rewards (then IHG Rewards Club) indicated last year that they would gradually move to entirely dynamic award pricing where the paid rates would dictate the number of points required for awards.
This works for members’ advance when the paid rates are low, but the nightly point prices can get very high very fast when the prices are normal or during events when they are high. Previously the prices were stagnant regardless of the underlying paid price.
Here are new searches for Amsterdam, Bangkok, Tokyo, Sydney & London:
APRIL 2: The price in USD is 1.057. You would need 300,000 points for this stay valuing a point at 0.35 US cents each
NOW: The price in USD is 1,068. The price in points now is 261,000 valuing a point at a ($1,068/261,000) = 0.41 US cents each.
InterContinental Bangkok Points
InterContinental Bangkok Cash
APRIL 2: The price in USD is $354. You would need 92,000 points for this stay valuing a point at 0.38 US cents each.
NOW: The price in USD is $351. You would need 82,000 points for this four-night stay, valuing a point at ($351/82,000) = 0.43 US cents each.
Indigo Leicester Square Points
Indigo Leicester Square Cash
APRIL 2: I don’t have enough points on my account for this stay that would cost 337,000 points. The price in USD is 1,991. The value of a point is 0.59 US cents each.
NOW: The award cost for the weekend is 336,000 points. The price of the stay in USD is $1,980. The value of a point is ($1,980/336,000) = 0.59 US cents each.
ANA InterContinental Points
ANA InterContinental Cash
APRIL 2: The price in USD is 996. The value of a point used towards this redemption would be 0.38 US cents each.
NOW: the price in USD is 1,007. The value of a point used towards this redemption would be ($1,007/215,000) = 0.46 US cents each.
InterContinental Sydney Points
InterContinental Sydney Cash
APRIL 2: The price in USD is $728. The price of a point used towards this award would be 0.34 US cents each.
NOW: The price in USD is 730. The price of a point used towards this award would be ($730/148,000) = 0.49 US cents each.
Here’s the article we published on April 2:
What took place at IHG just before easter?
Did someone mistakenly tweak their dynamic award pricing formula for too worse, and now they had to partially walk back the change, or what they were thinking?
Looking at the values today, it seems that they have devalued points 0% to 20%, depending on the hotel in question.
This proves that there is very little value holding on to IHG Rewards points as they can devalue them without any notice, and point prices even now, compared to paid ones, can be all over the map.