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Looks like a promotion has just gone live on IHG.com (at least as a Platinum member).
Reward bookings in May are showing as 15% off.
Seems to be bookings until the 11th June from a quick check of IC Sofia’s availability.
As a valued IHG Rewards member, you are eligible for a 15% discount on Reward Nights
Thanks.
Just cancelled and rebooked a booking for next month!
I had been wondering why the points cost of several May bookings in unrelated locations that I’ve been tracking all suddenly jumped in the last couple of days!
Still some genuine savings to be made though.
Definite savings – I’ve just cancelled and rebooked a few reservations we have for next month. Thank you!
Ap,it’s to diamonds as well. And IHG credit card holders – and previously tho use ihg things have one but actually now don’t!
Message in the app says book by Apr 27th, so not around for long.
Sadly my two April/May bookings have had a sharp jump in price to be reduced to more than I paid! Fake sale imho
The three nights I booked back in Feb at the Kimpton Surfcomber, Miami Beach, for next month are now showing as 55,816 points per night (reduced from 65,666). However, as I only paid a total of 119,000 for the entire 3 night stay (<40k per night) I won’t be changing those! Still, good luck to those of you who benefit and thanks for posting @LiamG !
Is this just for May?
For stays till 11 June.
I have 3 points bookings suring this period and only one required fewer poiints (1,800).
T’other 2 I booked a while ago when cash rates were cheap (one at LHR, t’other Berlin) so points stays were as well.
My weekly checking was showing increases over the last few months so I’m not surprised there were no savings to be made for my bookings.
Ah, finally an email with full terms:
This discount offer (‘Offer’) is available to those IHG One Rewards members granted access to the discount when booking a Reward Night at a participating hotel through an official IHG online reservations site while signed into their IHG One Rewards account. The Offer is for a 15% discount off the number of points needed to book a stay using points only. If using Points & Cash, the 15% discount will be applied to the cash portion only for each available option. Only those Reward Nights booked by 27 April 2024 for stays during the period from 24 April 2024 until 10 June 2024 qualify for the Offer. Dates are based on the hotel’s time zone as identified on the participating hotel’s booking page at the time of booking.
P+C are the sweet spots as usual. Got 0.78p/point and 0.82p/point on a couple of low end ones.
Sadly my two April/May bookings have had a sharp jump in price to be reduced to more than I paid! Fake sale imho
Pricing is dynamic so it’s closer to your dates and prices go up … what the heck do you expect 😂
It’s real sale as the prices for couple dates I booked later in May/June are cheaper.
P+C are the sweet spots as usual. Got 0.78p/point and 0.82p/point on a couple of low end ones.
P+C are just selling you points at £23 per 5k so 0.46p per point … you can argue there is a sweet spot in increasing value per point vs just using points but is there really if you had enough points anyway? Especially as if you cancel you don’t get your £43 back you just get 10k points and it’s back to 0.59p
£98
Or 16,575 points 0.59p
Or £23 + 11,575 points 0.65p
Or £43 + 6,575 points 0.84p@TGLoyalty Yes there’s value. I’m sitting on a large points balance but normally I’m going to get 0.4-0.5p. In the sale if I use points alone I may get 0.55 but burn those points with cash I’ll get the above. So why would I take 0.59 when I can get 0.82?
I never really book speculatively, only rooms I intend to use. If I cancel it’ll be to rebook at a lower points rate and the refund will more than cover the rebooking and some more end up in my pot, It’s even better when IHG screw up and give me a double refund so I get 5 nights at an IC for free.
Because you’re buying more points when you already have loads and in any case you can buy them cheaper than £23 per 5k in the 100% bonus sales (0.4p ish)
You need to look at it the other way round. If you value a point at 0.4p (the price you can buy in the 100% bonus sales and cheaper than what you just paid)
The cost is 16,575 = £66.3 or £23 + 11,575 = £69.30 or £46 + 6,575 = £72.3. You’ve actually paid £6 more.
I’m trying to run my balance down, not up. Speculatively buying points in a sale doesn’t do me any good.
I’m trying to run my balance down, not up. Speculatively buying points in a sale doesn’t do me any good.
But you are directly buying points with every P&C booking at a higher cost than buying in 100% bonus.
Even if you assign the 0.46p value you’re willing to pay for points via these bookings then you’ve paid £76.30 for the booking (does matter the cash/points mix) but importantly more slowly running down your balance.
Let’s not forget Amex cashback is a 25% discount so the cash price I quoted would only actually be £73.50
But if I did that my balance would neve reduce and IHG would continue to make the points I have worth less and less each year. I’m trying to get best value for the ones I have. I don’t know why you can’t understand this, it’s quite simple.
My aim is to have zero points but not get rid of them at 0.4-0.5p, If I can get 0.7-0.8p I’ll buy a few at the promo rate as a C+P deal when it comes along and only if I have a trip booked. Buying 20-50k points at 0.4p in one of their bi-monthly sales for sometime down the line doesn’t help me achieve my goal of a zero balance.
Sadly my two April/May bookings have had a sharp jump in price to be reduced to more than I paid! Fake sale imho
Pricing is dynamic so it’s closer to your dates and prices go up … what the heck do you expect 😂
It’s real sale as the prices for couple dates I booked later in May/June are cheaper.
May stay is over a month away and the price just went up by a third a day before the sale
Sadly my two April/May bookings have had a sharp jump in price to be reduced to more than I paid! Fake sale imho
Pricing is dynamic so it’s closer to your dates and prices go up … what the heck do you expect 😂
It’s real sale as the prices for couple dates I booked later in May/June are cheaper.
May stay is over a month away and the price just went up by a third a day before the sale
Have the cash rates gone up considerably? It’s the amount of bookings rather than the time to the stay that matters though usually the two are linked it’s not always the case.
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