Looking to book Ritz Carlton Naples after a business trip in a couple of months. They are asking for 125K points per night; cash prices are $1,593 all in (resort fee, taxes, etc). It feels to me that on the higher end resort side at least, redemption values have been solidly over 1 cent per point since travel began to rebound out of the pandemic. No real devaluation since then in terms of value versus cash pricing.