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Having a brain melt today … The cash price for a room inc taxes is $264. The points price for that night is 26k.
It’s also offering me 16k points + $60 or 11k points + $89.
Am I correct in thinking that the 11k points option gives the best value?
ThanksAs one pedant pointed out, it’s not ‘maths’, it’s ‘arithmetic’.
When my teenager does arithmetic at school it’s still a maths lesson 😂 (though I’m not great at either)
I get the third option to be the best value as well, but the purely points price is also very good, especially in these times of “dynamic” pricing!
26k points for $264 = 1.0p per point
16k points for $204 = 1.3p per point
11k points for $175 = 1.6p per point$264 is about £202
26k points is worth £104 to me (based on 0.4ppp) – I calculate you are getting 0.77 pence worth of value out of each IHG point with this option.
16k points + $60 = approx £110 to me
11k points + $89 = approx £112 to meSo not a huge amount of difference between the 3 options, based on what I value an IHG point at (0.4p)
- This reply was modified 55 years, 4 months ago by .
Brilliant – Thanks very much
Yes, the 11k one. I’m finding quite a few of these random crazy values for cash & points on IHG lately but dont wait around because it could be gone tomorrow.
I managed 1.9/point last week on a C+P but when I went to recheck it the next day the amount of points required had doubled and the cash component had increased as well.
If you go for points and cash option, do you also receive points on the cash part?
Thanks
If you go for points and cash option, do you also receive points on the cash part?
Thanks
No because the cash elements actually buys you points.
If you cancel you don’t get any cash back but the pointe you bought,
Yes, the 11k one. I’m finding quite a few of these random crazy values for cash & points on IHG lately but dont wait around because it could be gone tomorrow.
I managed 1.9/point last week on a C+P but when I went to recheck it the next day the amount of points required had doubled and the cash component had increased as well.
I’m currently booking nights at the Kimpton Seafire as they are released for next Easter – 70k points v £1400 cash. It might be the only regular IHG sweet spot left and I keep thinking they are bound to realise soon what a steal it is – even the HI across the way is 58k pn!
You can really take advantage of this Dynamic pricing with IHG at times. I booked 2 rooms at the Holiday Inn Bloomsbury for a Saturday night in March for 26,000 points each, which a few hours later, and the day before were double that. They upgraded both room bookings too.
The easiest way I find to discover the true value of each point is to take the cash price then multiply it by 100 and divide this figure by the points cost for the room. This will then give you the monetary value of each point being spent.
I divide the cash amount in pence by the number of points which I think is the same thing lol. If that Tim fellow does come up with a way to track IHG’s pricing, he’s a genius!
To value it correctly you need to decide what rate you’re going to work from. I always use the IHG member advance purchase rate, but others use the full refundable rate. The below example uses member adv purchase. Would be way higher if I’d used the refundable rate.
For cash/points you need to do room rate minus cash component divided by the currency rate and then divide by number of points.
So in my case $644-$115 / 1.3 / 21000 = 1.94p per point. Not seen a rate like that in years. I’ll burn points all day long at that.
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