That IHG Properties Experienced A Devaluation “Is It True”?

IHG Properties – 2019 | A FlyerTalk member Lion heart revealed what looks like a leaked look in IHG’s new award pricing for 2019 also it seems like we might be visiting a pretty substantial devaluation that may make redemptions a whole lot more costly for top-tier possessions. You can find the whole list of changes broken down by region here.

Prices Increasing For Top-Tier IHG Properties?

The most relating to change to me Is that many top-tier properties are increasing by 60,000 to 70,000. Properties like the InterContinental Hong Kong among many others in a lot of other major cities will now be much more difficult to reserve with things (never mind the small inventory a number of those properties offered). It was only a couple of years ago that this the award price ceiling was at 50,000, therefore we’re looking at that a 20,000 point increase in under two decades ago.

RELATED  What Are The Bonus From Uber Credit Card Review?

Because This is leaked information, We still do not know when these changes will enter into effect, even though it’s more than probable that we’ll see them enter in to effect in a couple of weeks (possibly January 15th). This means that you need to reserve these affected properties ASAP if they are going to increase, or if your preferred property is diminishing, you probably want to wait until those changes come in to effect (you need to have the ability to rebook them at the cost, subject to availability in virtually any event).

Excellent News For The IHG Credit Card?

Even though the worth of IHG points Could be going down due to these changes, and also this means that the IHG Rewards Credit Card (my top hotel credit card) is now worth even more. This is because it offers an yearly free nighttime which may be redeemed at any IHG Properties, even just a high inter-continental that will otherwise require 70,000 IHG points.

Alternatively, Additionally, It means A 80,000 point sign up bonus won’t mean as far because it was used to. Many adequate Possessions in large cities are starting from 40,000 or 45,000 to 50,000 making It even more complicated to book two nights with points. Additionally, moving Ultimate Rewards to IHG becomes an even worse choice than it was before with the devaluation.

RELATED  Chase Sapphire Reserve Approval Time And Credit Score

The 2019 IHG Devaluation?

According to PMTTP, roughly 500 hotels will increase in price by 5,000 to 10,000 while approximately 200 hotels will go down in price by 5,000 points. The majority of properties that are affected are located in the US. This really is one of the primary changes to IHG’s award pricing lately memory and might function as the main change by yet. While it’s standard for resort programs to change their prices on an annual basis, it’s not very common to observe that a higher ceiling awards along with so many price increases and that’s why this really is big news.