HHonors has undergone and continues a massive devaluation with some resorts designating and offering only "premium rewards" at values far higher than the designation.

Conrad Bali, a category 5 hotel is charging 88000 points for a "PREMIUM ROOM REWARD".

Obviously, the reward chart doesn't mean anything when a property can charge nearly 3x times the published reward rate. The same room can be bought for usd $265.