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IHG Rewards Club has released their list of properties that are changing award prices in 2016. There are around 400 properties that are changing value. The new award chart will take effect on February 17, 2016, so you have just a couple of weeks to make any bookings at hotels that are increasing in value.
Click here to see the full list of IHG properties that are changing their award redemption price
While half of the changes involve properties that are increasing the IHG Rewards Club points required to redeem (generally by 5,000, though a few higher-end properties are increasing by 10,000 points), there are also many properties that are seeing decreases, so you’ll want to hold off on booking those until the changes take place.
In addition to the adjustments comes the unfortunate introduction of two higher priced award tiers. It used to be that the highest IHG award nights could be had for 50,000 points, but they have now introduced 55,000 and 60,000 point hotels. These hotels are mostly Intercontinental properties in large cities.
Here are the hotels that will now cost 55,000 IHG Rewards Club points:
- InterContinental Boston
- InterContinental Melbourne
- InterContinental Rome
- InterContinental Sydney
- InterContinental Washington DC
And here are the ones going up to 60,000 points:
- InterContinental Bora Bora
- InterContinental Cannes
- InterContinental Hong Kong
- InterContinental London Park Lane
- InterContinental Monterey
- InterContinental New York Times Square
- InterContinental Paris
- InterContinental San Francisco
- The Venetian & The Palazzo Las Vegas
If your goal is to redeem IHG points at the highest end properties, then you will be very unhappy with this change. If you prefer lower-to-mid-range redemptions, then you’re still not happy, but there is at least the potential of some of your redemptions actually improving. Plus there are still always PointBreak redemptions for 5,000 points per night.
While devaluations suck, this could have been much worse (of course, I say that as someone who rarely stays in luxury hotels). Ultimately, IHG Rewards Club points are incredibly easy to earn with promos like Priceless Surprises and Accelerate.
Be sure to check out the list and either make bookings now or make a note of which ones to wait for after the award chart changes
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HT: Loyalty Lobby via TravelBloggerBuzz