Last edit by: cblaisd
Hilton Properties Devalued 5k → 10k & 10k → 20k for standard award:
[NAME] [OLD RATE] [NEW RATE]
Loyalty Lobby Article with the List of Hotels that Changed: https://loyaltylobby.com/2019/06/17/hilton-honors-award-chart-changes-june-2019/
[NAME] [OLD RATE] [NEW RATE]
Loyalty Lobby Article with the List of Hotels that Changed: https://loyaltylobby.com/2019/06/17/hilton-honors-award-chart-changes-june-2019/
Consolidated "Points Devaluation" thread
#1486
Join Date: Nov 2018
Location: MEL/YMML
Programs: A3 Gold, Hilton Gold, Hyatt Discoverist, Amex Platinum
Posts: 287
Hilton Devaluation have now absolutely going nuts.
I guess their redemption system made this change several years ago. An (semi-fixed and unpublished) award chart for limited number of reward rooms, as well as surge pricing, which will be the points redemption option, once reward rooms are fully booked. In this case, you're basically using points to pay flexible rate at (pretty terrible) Honors-cash exchange rate, sometimes can be low as 0.2 cents per point.
The following list is points per night for some random dates from now till July:
Conrad Centennial Singapore: 126k
Conrad Tokyo: 215k
Conrad Bora Bora Nui: 346k
Waldorf Astoria Jerusalem: 352k
Hilton Moorea: 229k
Hilton Tel Aviv: 244k
I guess their redemption system made this change several years ago. An (semi-fixed and unpublished) award chart for limited number of reward rooms, as well as surge pricing, which will be the points redemption option, once reward rooms are fully booked. In this case, you're basically using points to pay flexible rate at (pretty terrible) Honors-cash exchange rate, sometimes can be low as 0.2 cents per point.
The following list is points per night for some random dates from now till July:
Conrad Centennial Singapore: 126k
Conrad Tokyo: 215k
Conrad Bora Bora Nui: 346k
Waldorf Astoria Jerusalem: 352k
Hilton Moorea: 229k
Hilton Tel Aviv: 244k
Last edited by antebellum; Jun 9, 2019 at 9:09 am
#1487
Join Date: Jan 2009
Programs: Hilton Diamond, IHG Spire Ambassador, Radisson Gold, Hyatt Discoverist
Posts: 3,623
You have to search for a particular hotel on a particular date and see what its costs.
#1489
A FlyerTalk Posting Legend
Join Date: Apr 2013
Location: PHX
Programs: AS 75K; UA 1MM; Hyatt Globalist; Marriott LTP; Hilton Diamond (Aspire)
Posts: 56,452
They don't publish a chart anymore. As noted below, you can figure out a property's standard rate by running searches. That rate has now gone up (yet again) at many properties.
#1490
Join Date: Oct 2009
Location: PHL/EWR
Programs: AA, US, WN, HHonors Diamond, Hyatt Plat
Posts: 1,528
You may find a better value by finding a 30K room though.
#1491
Join Date: Jul 2000
Location: Manhattan NV
Programs: Hilton LTD, Hyatt Glob, Marriott LTTE, AA LTP, Avis PC, National EE, Seabourn DE
Posts: 3,030
Registered Aspire cad yesterday for the 120,000 bonus points. Haven't charged anything and leaning towards not. To me, 120,000 points is now about 75,000. Not the same deal.
#1492
Join Date: Aug 2017
Programs: Hilton Diamond, IHG Spire Ambassador, Global Entry
Posts: 2,855
And AMEX has been giving large sign-up bonuses on Hilton cards for many years. Not to mention that, the larger the bonuses, the higher the breakage, which means a significant number of those bonus points will never be used.
In any event, not sure why the purported economic geniuses here seem to believe that increased points float somehow justifies a no-notice devaluation. That is a complete non sequitur.
Finally, since this is not an open market, but rather one in which Hilton and the properties exercise exclusive control over inventory and pricing, the analogy to currency devaluation in an open market is completely inapt. Hilton certainly can keep prices unchanged. The result would be more points competing for the same number of rooms, i.e., it would be harder to redeem for the desirable properties. This is an inherent characteristic of a market in which prices are fixed. An award chart is by definition price fixing, and it can be expected to throw the demand curve out of whack, since prices are set by Hilton, not the market.
In any event, not sure why the purported economic geniuses here seem to believe that increased points float somehow justifies a no-notice devaluation. That is a complete non sequitur.
Finally, since this is not an open market, but rather one in which Hilton and the properties exercise exclusive control over inventory and pricing, the analogy to currency devaluation in an open market is completely inapt. Hilton certainly can keep prices unchanged. The result would be more points competing for the same number of rooms, i.e., it would be harder to redeem for the desirable properties. This is an inherent characteristic of a market in which prices are fixed. An award chart is by definition price fixing, and it can be expected to throw the demand curve out of whack, since prices are set by Hilton, not the market.
You're reaching very deep to attempt to articulate these points have no cash value and instead were promised to be redeemed for a certain award chart. Care to show me this award chart that is implied Hilton guaranteed to everyone before they pulled the rug out? Or is this something you feel entitled to because XYZ? You said it yourself that by keeping prices unchanged, demand would likely exceed supply. Since you seem to be more of the "purported economic genius," what kind of sense would such a business model make? We're quick to point out the negatives, by holding points, they could be worth less. Inversely, should the points appreciate in value if we hold onto them longer, and they are redeemable for properties who have far exceeded their cash value for when we once earned the points?
I think you also need to re-educate yourself on what an open market is. Here is the definition according to Merriam-Webster. Take it up with them that they are wrong, and you are right
open market
Definition of open market
: an economic market in which prices are based on competition among private businesses and not controlled by a government : free market"How much is it worth on the open market?"
#1493
Join Date: Nov 2014
Location: London
Programs: BAEC Silver, M&M, HHonors Gold
Posts: 1,223
#1494
A FlyerTalk Posting Legend
Join Date: Apr 2013
Location: PHX
Programs: AS 75K; UA 1MM; Hyatt Globalist; Marriott LTP; Hilton Diamond (Aspire)
Posts: 56,452
You seem to have misread my comments entirely, as that is definitely not what I said. And I don't see much point debating with someone who doesn't understand economics (but just to make one fundamental point, in this "market" Hilton is the government, because it issues the currency, controls the inventory, and sets the pricing).
#1497
FlyerTalk Evangelist
Join Date: Aug 2011
Location: Barcelona, London, on a plane
Programs: BA Silver, TK E+, AA PP, Hyatt Globalist, Marriott LT Plat, Hilton Diamond
Posts: 13,043
Hilton Devaluation have now absolutely going nuts.
I guess their redemption system made this change several years ago. An (semi-fixed and unpublished) award chart for limited number of reward rooms, as well as surge pricing, which will be the points redemption option, once reward rooms are fully booked. In this case, you're basically using points to pay flexible rate at (pretty terrible) Honors-cash exchange rate, sometimes can be low as 0.2 cents per point.
The following list is points per night for some random dates from now till July:
Conrad Centennial Singapore: 126k
Conrad Tokyo: 215k
Conrad Bora Bora Nui: 346k
Waldorf Astoria Jerusalem: 352k
Hilton Moorea: 229k
Hilton Tel Aviv: 244k
I guess their redemption system made this change several years ago. An (semi-fixed and unpublished) award chart for limited number of reward rooms, as well as surge pricing, which will be the points redemption option, once reward rooms are fully booked. In this case, you're basically using points to pay flexible rate at (pretty terrible) Honors-cash exchange rate, sometimes can be low as 0.2 cents per point.
The following list is points per night for some random dates from now till July:
Conrad Centennial Singapore: 126k
Conrad Tokyo: 215k
Conrad Bora Bora Nui: 346k
Waldorf Astoria Jerusalem: 352k
Hilton Moorea: 229k
Hilton Tel Aviv: 244k
#1498
Join Date: Nov 2018
Location: MEL/YMML
Programs: A3 Gold, Hilton Gold, Hyatt Discoverist, Amex Platinum
Posts: 287
#1499
FlyerTalk Evangelist
Join Date: Aug 2011
Location: Barcelona, London, on a plane
Programs: BA Silver, TK E+, AA PP, Hyatt Globalist, Marriott LT Plat, Hilton Diamond
Posts: 13,043
Post a screenshot if you've got dates where the standard rooms are pricing above 95k.
#1500
Join Date: Nov 2018
Location: MEL/YMML
Programs: A3 Gold, Hilton Gold, Hyatt Discoverist, Amex Platinum
Posts: 287
I certainly know Standard Room Rewards maxes out at 95k, but the problem is, right now I've seen more surge pricing (aka "Premium Room Rewards") dates in the list of hotels I gave, than even last year.
Still, points redemption right now are going absolutely nuts.
Still, points redemption right now are going absolutely nuts.