As of September 19, 2026, the cheapest reward night we price here costs 26,000 IHG points for a October 2026 check-in. Booking that same night with cash would cost about $157. On a typical night here, a point is worth 0.63¢, roughly 10% above the IHG program median of 0.57¢. Among the 8 IHG hotels we track in Melbourne, it ranks 3rd for point value. Two nearby IHG hotels give you more per point. Program-wide it ranks 771st of 6,672 IHG hotels.
This hotel ranks 3rd of 8 IHG hotels we track in Melbourne. Ranked by cents per point, across every IHG brand.
| Check-in | Points | Cash | ¢/pt |
|---|---|---|---|
| Aug 2026 | 22,000 | $121 | 0.55 |
| Sep 2026 | 23,000 | · | · |
| Oct 2026 | 25,000 | $164 | 0.65 |
| Nov 2026 | 25,000 | $154 | 0.62 |
| Dec 2026 | 25,000 | $162 | 0.65 |
| Jan 2027 | 52,000 | $292 | 0.56 |
Holiday Inn Melbourne Bourke Street Mall is the 3rd point value among the 8 Melbourne hotels we price daily. The strongest value there right now is Hotel Indigo Melbourne on Flinders at 0.66¢ per point. The cheapest night on sale here has ranged from 22,000 to 35,000 points, depending on the day you check. Within Holiday Inn it ranks 95th of 1107 on point value. At 0.63¢ per point it beats 88% of the IHG hotels we track, a good use of points.
From 26,000 IHG points as of September 19, 2026. The cheapest night on sale has ranged from 22,000 to 35,000 points, depending on the day. Prices move daily.
A free reward night here starts at 22,000 points in August 2026, the cheapest month we have priced. That is a straight points redemption, not a free night certificate.
It is a good use. At 0.63¢ per point it sits above the IHG median of 0.57¢ and beats 88% of hotels we track.
Hotel Indigo Melbourne on Flinders at 0.66¢ per point is the best IHG point value we track in Melbourne right now.
We check this hotel’s points price every day. Leave your email and we will message you the moment it sets a new low.