I've never had enough points to do a redemption but I do now, so I'm after some advice.
These are the rates at Conrad Singapore...
SGD$323
Points and Money 24k points and SGD$127 (so US0.65c/point and SGD$127)
Points: 60k (so US0.43c/point)
Would you say this is "reasonable" considering the devaluation?
I universally value my HH points at 0.5c each. To me, that means I'll trade them at that or above ... as with airline points, always looking for a greater redemption value
In Australia I don't think I've ever used HH points, generally the places I stay want 40-50-60,000 points for a points only stay (so, my value = $200-300) and this has always been either higher than the cash price or even ... and given you don't receive any points for a redemption (or P+P) stay its actually a losing proposition for me.
In Asia however its very often a different story. P+P options are quite often very enticing. Had a nice stay in coughet at the rebranded DT on Surin Beach for only about 200-300AU$ for about a week (yes, the whole week!) as a P+P _and_ still managed to secure a suite upgrade. Nice. coughet isn't my sort of place as it turns out (my first stay there) and I won't be back, but this wasn't DT's fault.
Last time I looked SG$1.17=AU$1, so, calculating the above:
Money stay: SG$323 = AU$276 (and you will receive something ballpark 2400 HH points for this = AU$12 in my calcs ... makes the stay value = AU$276-AU$12=AU$264)
P+P=SG$127 = AU$108 + 24K HH (AU$120) = AU$247 (value)
Points stay = AG$60,000=AU$300
I'm not sure if the SG$323 quoted included the 15% surcharge? This could widen or lessen the gap depending on where its been applied. It only applies against the money component though, so this can make the P+P option even more attractive.
