How Much Are Hotel Points Worth? Hyatt, Marriott, Hilton and IHG

A Hyatt point is worth about 1.8 cents, a Marriott point about 0.7 cents, an IHG point about 0.6 cents and a Hilton point about 0.4 cents. So 100,000 points are worth about $1,800 at Hyatt, $700 at Marriott, $600 at IHG and $400 at Hilton. Those values come from ranking award nights by cents per point (CPP) across more than 29,000 hotels: about 6 million Hyatt award rates, 20 million at Marriott, 35 million at Hilton and 12 million at IHG. Here is where each chain’s typical night sits, the CPP where a redemption becomes a good or a great deal, and each chain’s full scale.

	Point value	100k points	Typical night	Good from	Great from
World of Hyatt	1.8¢	$1,800	1.81¢	1.98¢	2.48¢
Marriott Bonvoy	0.7¢	$700	0.67¢	0.72¢	0.87¢
Hilton Honors	0.4¢	$400	0.39¢	0.41¢	0.47¢
IHG One Rewards	0.6¢	$600	0.57¢	0.59¢	0.64¢

Point value is our estimate of what one point is worth. “Typical” is the median award night. “Good” is the top 40% of a chain’s award nights and “Great” the top 20%. Every figure is after taxes and fees, for a one-night stay in a standard room.

The HotelXray CPP scale for World of Hyatt: a curve of award nights from about 0.4 to 4.2 cents, with cut-offs at 1.32, 1.64, 1.98 and 2.48 cents between Terrible, Weak, Fair, Good and Great, and the estimated point value dashed at 1.8 cents — Each chain's award nights on one curve, split into five equal shares, with the CPP where each share starts.

The HotelXray CPP scale for Marriott Bonvoy: a curve of award nights from about 0.2 to 1.4 cents, with cut-offs at 0.52, 0.62, 0.72 and 0.87 cents between Terrible, Weak, Fair, Good and Great, and the estimated point value dashed at 0.7 cents — Each chain's award nights on one curve, split into five equal shares, with the CPP where each share starts.

What is CPP, and how do you calculate it?

CPP, or cents per point, is the cash price of a night divided by the points it costs. A room that costs $360 with taxes, or 20,000 points, gets you 36,000 cents ÷ 20,000 points = 1.8¢ a point. If you’d pay cash for the stay anyway, a higher CPP means your points are doing more work than they would on an average night.

What is a good CPP for hotel points?

A good CPP depends on the chain, because each one prices its points differently. Roughly, a good redemption is 2¢ or more at Hyatt, 0.72¢ or more at Marriott, 0.41¢ or more at Hilton and 0.59¢ or more at IHG; a great one is 2.5¢, 0.87¢, 0.47¢ and 0.64¢. A 0.5¢ redemption is a great Hilton night and a poor IHG one, so compare a CPP only against its own chain’s scale.

How much is a Hyatt point worth?

A World of Hyatt point is worth about 1.8 cents, the highest value of the four chains: 10,000 Hyatt points are worth about $180 and 100,000 about $1,800. A good Hyatt redemption is around 2¢ a point, and a great one 2.5¢ or more.

Hyatt has the widest spread of the four. The middle 60% of award nights run from 1.32¢ to 2.48¢, and the top tenth reach almost 3¢. Hyatt prices awards from a published chart by hotel category, with a few price levels by date, while cash prices move with demand. When demand pushes the cash price up, the award can stay on its chart, and that’s where the 2.5¢ to 3¢ nights come from. At 1.8¢, the estimated point value sits right at the median.

How much is a Marriott Bonvoy point worth?

A Marriott Bonvoy point is worth about 0.7 cents, so 100,000 Marriott points are worth about $700. A good Marriott redemption is 0.72¢ a point or more, and a great one 0.87¢ or more.

Marriott prices awards dynamically, so the points price tends to follow the cash price, and most nights land between 0.52¢ and 0.87¢. Anything below 0.52¢ is in the bottom fifth; at that point paying cash and keeping the points is usually the better call. Nights above 0.87¢ are rare enough to book when you see one.

How much is a Hilton Honors point worth?

A Hilton Honors point is worth about 0.4 cents, so 100,000 Hilton points are worth about $400. A good Hilton redemption is 0.41¢ a point or more, and a great one 0.47¢ or more.

The Hilton scale is also tight: the middle 60% of nights fall between 0.34¢ and 0.47¢. That makes small differences count. A few hundredths of a cent move a Hilton night from Fair to Good, so a redemption at 0.45¢ is a good one even though the number looks low next to the other chains.

How much is an IHG One Rewards point worth?

An IHG One Rewards point is worth about 0.6 cents, so 100,000 IHG points are worth about $600. A good IHG redemption is 0.59¢ a point or more, and a great one 0.64¢ or more.

IHG has the narrowest scale of the four. Most award nights sit between 0.52¢ and 0.64¢, and the 0.6¢ estimated point value is already above the median. Below 0.52¢ an IHG redemption is in the bottom fifth, so a 0.5¢ night that would be a great Hilton redemption is a poor IHG one. Above 0.64¢ is the top fifth.

See the CPP of every night with HotelXray

Open a hotel on hyatt.com, marriott.com, hilton.com or ihg.com with the HotelXray side panel. The month calendar shows each night’s points price, cash rate and CPP, and every CPP is colored by where it ranks on its chain’s scale, from red for the bottom fifth of award nights to green for the top fifth. The same colors carry through to each night’s room list.

Under the calendar, the CPP scale shows the whole chain’s award nights as one curve. Select a night and the scale marks it: the readout gives that night’s CPP and rating, how far it sits above or below the chain’s estimated point value, and its rank, such as top 26% of Hyatt award nights. Move along the curve to check any other CPP, or hover a CPP in the night’s room list to see where it falls.

Premium rooms, suites and Points + Cash rates rank on the same scale, so an upgraded award shows straight away whether the extra points are worth it. When a night you want is priced too high, an award alert emails you when it drops.

When to use points and when to pay cash

A point value is an average. The night in front of you can be worth much more or much less than that, and the difference is easy to miss when the points price looks reasonable. Check where the night ranks before you redeem: a Good or Great night is a strong use of points, and a Weak or Terrible night is usually better paid in cash.

HotelXray shows that rank for every night of the month on all four chains. See what HotelXray does on Hyatt, Marriott, Hilton and IHG.