I never redeem below 1c per point. 5 years ago Moscow was ruinously pricey yet points were very reasonable and I was over 2c per point for a week there at the Aurora. For the same reasons the Riviera is usually a bargain. China does well due to high-ish prices and low categories. Generally speaking any Cat 1 or 2 property provides good value. To be honest with very odd peak and off peak pricing there seems to be a greater availability of 1c per point opportunities