Every term this site uses, defined in plain English in one place.
The cash price of a night divided by its points price, expressed in cents per point. A 30,000-point night that sells for $180 in cash has a point value of 0.60 cents per point.
The unit point values are measured in. One cent per point means 10,000 points buy $100 of hotel.
The record of what a hotel has charged in points over time. Award prices change constantly; the history shows whether tonight’s price is normal, high, or a low worth grabbing.
IHG’s terms for a night paid with points instead of cash. A free night from a credit-card certificate is a separate thing with its own rules.
IHG sets award prices night by night, like cash rates, with no published chart. The price you see today can change tomorrow.
A broad rise in award prices, which makes every point worth less. With no award chart, devaluations are invisible unless prices are tracked daily.