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Conrad Singapore Cheaper Award Pricing!
A short while back Hilton announced some changes to their HHonors program including the dropping of an “H” and the elimination of their award charts. Now, the amount of points required is based on the room rate at the hotel. Hilton for their part has said prices won’t exceed the previous maximum cost.
When this was announced I argued that over time this will only lead to higher costs since Hilton can just make changes to the value of their points with no award chart to adhere to. This change also eliminates any sweet spots that once existed.
On the flip side though, it means that other properties are being priced much more fairly. For example, I am in Singapore for one night and decided I wanted to stay down by the Bay. After looking at my options, I noticed something interesting at The Conrad.
Under the previous system, The Conrad cost between 50,000 – 60,000 points per night. The reality though is that according to what I saw during previous searches, it was 60,000 most nights. Thankfully I am not paying that though. (Nor would I!) For tonight my cost is only 39,000 points. That is quite a reduction and a much better value.
From what I have seen and what has been reported by others, the value of Hilton points is about .4 cents each across the board. This is great at properties like the Conrad which at times gave you much less value than that. No longer are you forced to either pay cash or take less than what you should for the value of your points.
In the short term some more expensive properties are actually much cheaper than they were previously, especially on nights where the rate is low. On the flip side lower priced properties can get much more expensive than they were before. At least your points now have a value, which I suppose is nice.
I still predict that over time prices will increase more rapidly due to there not being an award chart, but for tonight I am enjoying my 39K room at The Conrad, a hotel I simply would not have paid 60K for.
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