Dec 31, 2017, 6:49 am
Last edit by: FLYGVA
Wiki was copied from 2017 thread
Created WIKI Mar2017 purely to add the "new" IHG PB List URL as I can't find by screen navigation since IHG changed the reservation screens etc, and the old url if saved no longer works either.
Just got fed up trying to find , much easier to store in wiki, hope this helps others
Pointbeaks changed the amount of points needed: This is discussed in this thread: https://www.flyertalk.com/forum/intercontinental-hotels-ihg-rewards-club-intercontinental-ambassador/1890423-point-breaks-now-5k-10-15k.html
This thread is about the discussion about the locations and the actual list, please use the thread above for discussions about the increased number of points needed for pointbreak redemptions.
SCUBACCR
Use this URL for "Live" PB Listing:
https://www.ihg.com/rewardsclub/content/us/en/redeem-rewards/pointbreaks.html
The PREVIEW list usually appears on IHG's blog first
https://blog.ihg.com/ihg-rewards-club-pointbreaks-preview
Created WIKI Mar2017 purely to add the "new" IHG PB List URL as I can't find by screen navigation since IHG changed the reservation screens etc, and the old url if saved no longer works either.
Just got fed up trying to find , much easier to store in wiki, hope this helps others
Pointbeaks changed the amount of points needed: This is discussed in this thread: https://www.flyertalk.com/forum/intercontinental-hotels-ihg-rewards-club-intercontinental-ambassador/1890423-point-breaks-now-5k-10-15k.html
This thread is about the discussion about the locations and the actual list, please use the thread above for discussions about the increased number of points needed for pointbreak redemptions.
SCUBACCR
Use this URL for "Live" PB Listing:
https://www.ihg.com/rewardsclub/content/us/en/redeem-rewards/pointbreaks.html
The PREVIEW list usually appears on IHG's blog first
https://blog.ihg.com/ihg-rewards-club-pointbreaks-preview
2018 Pointbreaks Discussion Thread
Jan 29, 2018, 9:11 am
#181
In memoriam
Join Date: Jan 2009
Location: MAN
Programs: Marriott Lifetime Titanium, IHG Spire, UA Silver, Dennis The Menace Fan Club
Posts: 1,457
I fail to see how this statement is even logical from an accounting perspective.
Example, you have 100 million IHG pts outstanding at a valuation of let's say 0.5 cents = $500k in liabilities.
(The 0.5 cents valuation is going to be the rate at which they pay the hotels upon redemption. I've heard $20 per pointbreak recemption? Not sure.)
Now how would devaluations reduce liabilities?
Example, you have 100 million IHG pts outstanding at a valuation of let's say 0.5 cents = $500k in liabilities.
(The 0.5 cents valuation is going to be the rate at which they pay the hotels upon redemption. I've heard $20 per pointbreak recemption? Not sure.)
Now how would devaluations reduce liabilities?
Very simplistically let’s pretend IHG has members with a million points sat in their accounts and 10,000 points redeems costing IHG $20 on average. The points therefore represent a liability owed by IHG to the membership of $2000 ($20x100). But IHG then increases the number of points to redeem to 20,000 for that same $20, meaning the debt owed by IHG to the membership is now only $1000 ($20x50). Hence the membership now represents a liability of only $1000.
Jan 29, 2018, 9:12 am
#182
Join Date: Nov 2013
Location: HEL
Programs: AY, SK, TK
Posts: 7,598
I really hope they don't start the pointbreaks in the shadows like some round ago where the new discounted points levels where started to pop up in the dark, not highlighted on the IHG list but already bookable by searching individually (i.e. by luck)
Jan 29, 2018, 9:15 am
#183
Join Date: Jan 2007
Location: Somewhere in Europe
Posts: 3,362
Jan 29, 2018, 9:16 am
#184
Join Date: Mar 2015
Posts: 129
I'll just jump in here while bored waiting for the lists to come... 100m IHG points would on average equate to 4000 redemptions (Assuming 25k points per redemption average) multiplied by that figure you mentioned so 4000 x $20 = $80,000 . If the average redemption rate goes up to 35k per redemption then the calculation would look like 100m / 35000 x $20 = $57k so thats how their liabilities would be reduced...
5k redemption = $20 to the hotels
10k redemption = $40 to the hotels
and so on and so forth.
Seems like you're going with the model that a:
5k redemption = $20 to the hotels
60k redemption = $20 to the hotels
Jan 29, 2018, 9:23 am
#185
Join Date: Apr 2016
Posts: 51
Yeah, I was under the assumption that not all redemptions are the same, i.e.. a
5k redemption = $20 to the hotels
10k redemption = $40 to the hotels
and so on and so forth.
Seems like you're going with the model that a:
5k redemption = $20 to the hotels
60k redemption = $20 to the hotels
5k redemption = $20 to the hotels
10k redemption = $40 to the hotels
and so on and so forth.
Seems like you're going with the model that a:
5k redemption = $20 to the hotels
60k redemption = $20 to the hotels
The hotel's revenue for a PB is no different than a normal points booking. I don't believe they are even aware how many points the customer paid. The hotel simply gets paid based ontheir normal points formula either way, i.e. a marginal amount (I've seen $32 on a folio accidentally given to me) unless the hotel is nearly full, then something close to their average rate.
Jan 29, 2018, 9:33 am
#186
Join Date: Jul 2009
Location: World
Posts: 1,647
The hotel's revenue for a PB is no different than a normal points booking. I don't believe they are even aware how many points the customer paid. The hotel simply gets paid based ontheir normal points formula either way, i.e. a marginal amount (I've seen $32 on a folio accidentally given to me) unless the hotel is nearly full, then something close to their average rate.
Jan 29, 2018, 9:39 am
#187
Join Date: Mar 2015
Posts: 129
The hotel's revenue for a PB is no different than a normal points booking. I don't believe they are even aware how many points the customer paid. The hotel simply gets paid based ontheir normal points formula either way, i.e. a marginal amount (I've seen $32 on a folio accidentally given to me) unless the hotel is nearly full, then something close to their average rate.
If the book value is 0.5cents per point, I don't think they reevaluate it after every devaluation. For instance, with these new pointbreaks, I don't think they go in and reassess the value to 0.47 cents per point.
There are accounting standards that have to be followed. If a company had $600 million in liabilities due to their outstanding pts, I don't know if they can just wipe out all that liability simply by a devaluation. If they could, then they can just raise pt redemptions to astronomical levels, say 1 million pts to stay at a hotel. This would wipe out all their $600 million in liabilities.
Jan 29, 2018, 9:40 am
#188
Join Date: Nov 2015
Location: YVR
Programs: DL Gold, Hilton Diamond, IHG Diamond, Best Western Diamond Selec
Posts: 537
ut how long does Points.com take to post? The T&Cs say up to 72 hours - is it usually instant though?
For example you get 35000 points for $250, so paying 0.7c per point.
So a 5000 redemption would cost $35.70
a 10000 redemption would cost $71.43
and a 15000 redemption would cost $107.10
Could still be good value compared to the original cash rates, if there are some good IC properties in the PB sale.
For example you get 35000 points for $250, so paying 0.7c per point.
So a 5000 redemption would cost $35.70
a 10000 redemption would cost $71.43
and a 15000 redemption would cost $107.10
Could still be good value compared to the original cash rates, if there are some good IC properties in the PB sale.
They didn't publish a complete preview this time around, I decided to wait till today. In Oct, I was able to plan how much points I should buy, but it's not possible this time. If my travel destinations are close to listed hotels, then I go buy points, then hopefully they're still available when I get points. I know, I have 0 chance grabbing popular properties, but 75% bonus wasn't attractive for me.
Jan 29, 2018, 9:42 am
#189
Join Date: Feb 2004
Location: Toronto, Canada
Programs: HH Diamond, Marriott Gold
Posts: 1,363
https://loyaltylobby.com/2017/12/01/...ewards-nights/
Jan 29, 2018, 9:45 am
#190
Join Date: Jul 2007
Location: EWR
Programs: AA, Delta, NWA,HHonors, Hyatt BF
Posts: 1,762
I'm going to wait and see what the offerings are before forming an opinion on the new structure.
I would like to see a decent sampling of 5k redemptions, and in the past I have not been too disappointed by the list. I never expect to see prime vacation spots or properties (place where i would consider prime, anyway) for 5k.
But with the new structure, maybe there will be some prime locations at a reduced redemption rate. And if this in addition to, and not of in lieu of, a sizable offering of 5k properties, it would be very nice.
I would like to see a decent sampling of 5k redemptions, and in the past I have not been too disappointed by the list. I never expect to see prime vacation spots or properties (place where i would consider prime, anyway) for 5k.
But with the new structure, maybe there will be some prime locations at a reduced redemption rate. And if this in addition to, and not of in lieu of, a sizable offering of 5k properties, it would be very nice.
Jan 29, 2018, 9:55 am
#191
Join Date: Aug 2002
Posts: 643
Wanted New Zealand North Island (Auckland or Rotorua)