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You can now use IHG One Rewards to book Iberostar all-inclusive properties, but you probably shouldn’t

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In November of 2022 IHG and Iberostar engaged in a strategic partnership that folded the brand of Iberostra into IHG; however, Iberostar retained 100% ownership.  After a little more than a year, it’s now possible to burn some IHG One Rewards at Iberostar properties around the world. Personally, I’m not a huge fan of all-inclusive, but I’m well aware that many people absolutely love them. If I were to check one out, I’d be looking at the Iberostar Grand properties which are more luxury focused and adults only.

A couple of years ago IHG went fully dynamic on pricing which equated into a major devaluation in the redemptive value of points albeit with perhaps more redemption opportunities. I remember the days when 50k was a free night at any IHG property in the world, and in 2021 I stayed at the Six Senses Maldives in 2021 for just 75k points per night…it’s now almost 200k per night.

I did a quick search at the Iberostar in Tenerife during both peak and non-peak times and rates were all over the place, but the point redemption values weren’t great. You can almost consistently purchase IHG points for about 1/2 a penny a piece, and even when factoring in a 4th night free which comes as a perk for most IHG branded credit cards, it doesn’t make a lot of sense.

Sept rates: 96k points vs 306 Euros.

It would cost you $480 to purchase those points vs $340 in cash. Pass.

a screenshot of a hotel a screenshot of a computerMarch – 183k points vs 625 Euros

It would cost you a whopping $902 to buy those points vs paying $690 per night…not that I would, but my goodness, that is terrible IHG valuation.

a screenshot of a hotel room a screenshot of a computer

Zach..does IHG ever value better?

Yes.. here’s a quick example in NYC where a $265 a night hotel could be booked for 28k points, or $140 if you bought them. If you took advantage of a 4th night free, you’d lock it down for 84k points…just $420 for 4 nights in NYC – that’s a steal compared to over $1000.

 

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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Main Cast: 

Cards that earn flexible points and should be used on the bulk of your purchases.

Supporting Cast:

Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on. 

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