Originally Posted by
Maelstrom
When I redeemed points at two hotels in China, they converted at near-market rates. Hopefully SOWK didn't get ripped off too badly.
The exchange rate when redeeming points centrally is not something hotels can amend themselves. The exchange rates is defined in the T&C of Le Club in section 10.
https://www.accorhotels.com/leclub/l...tions.en.shtml
using Rewards Points to obtain a reduction in the price of accommodation or an expense charged in a currency other than euros, will entail the application of the AccorHotels group’s exchange rate of reference, as taken from the “Multicurrency” database (database of monetary and financial information from Reuters bank).