FWIW - Looking at Tucson for the end of Jan 2024 - this is for the Gem Show, when all the hotels are stupid expensive. The new Spring Hill Suites comes out at about $1500 for 4 nights, or 91000 points, so about ..016 cents per point. Not good, not bad. Everything else is way higher..
TLDR - Dynamic Pricing, they know whats up.....