...But that same ALON can also be used at fancier hotels that charge more. The answer to value is highly dependent on exactly what kind of award you redeem points for and at what hotel. We recently used 21000 points for 4 days at a Scandic hotel. They wanted the US equivalent of about $150 for the room. Perhaps I could have gotten it for less via some kind of deal, but how much less, I don't know. Even at $75/night my value for 21000 points is still 1.42c/point.

On our trip we used 87000 points for 13 room nights (the above rate was so good we took two rooms for four nights!). That's a lot less than our initial thought of 100000 using GLON awards for 6 of the 9 nights plus additional awards for the additional three nights.