Agreed, but the $680 per night room rate is kind of high as well. I remember when I booked PH this year in April for June the cash rate was closer to $500, so the rate should probably change. I also just looked at the fine print on Luxury Escapes and the cancellation is in the form of credit but you can do one day change. So there is also some risk attached to it.

"Flexible Cancellation: You can cancel your booking for credit up until 45 days prior to the original check-in date. This can be done via self-service in your ‘My Escapes’ account. Your credit will be valid for 12 months from the date of cancellation. Credits are not transferable and cannot be redeemed for cash. Excludes service fee, if applicable.

Date Changes: If you need to amend your booking, you can self-service ONE date change in your ‘My Escapes’ account up until 45 days before your original check-in date. If you can’t find a suitable date, or still need further assistance, please contact our 24/7 customer service team. Subject to availability and surcharges"