IHG Backtracks on Last Week’s Massive Devaluation
Last week Mark wrote about IHG devaluing points and free night certificates with an unexpected jump in prices for many properties. We saw big increases, with many hotels going up by 30% for award stays. Some properties were priced as much as 120K a night.
However, the big scare is over, at least for now. It seems that the pricing on many of those properties has reverted back to the original amount of points, as Doctor of Credit reports. If you take a look at your favorite properties, you should see the same price that was showing a little over a week ago.
Frequent Miler has a good comparison of the value of IHG points, and cash prices for IHG hotels. You can see how the value of points has changed from last year, and also from last week.
It’s good to see IHG backtrack that huge price increase which made IHG points even less valuable than they already are. Hopefully this was just some kind of glitch in their system, and not a preview of things to come.
It is a good reminder not too sit on your points and free night certificates for too long. You never know when a devaluation might come.