As of August 3, 2026, the cheapest reward night we price here costs 24,000 IHG points. Its typical point value is 0.51¢ per point, roughly 12% below the IHG program median of 0.58¢. Among the 8 IHG hotels we track in Melbourne, it ranks 8th for point value. Seven nearby IHG hotels give you more per point. Program-wide it ranks 6341st of 6,622 IHG hotels.
This hotel ranks 8th 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 | $119 | 0.54 |
| Sep 2026 | 24,000 | · | · |
| Nov 2026 | 25,000 | $153 | 0.61 |
| Dec 2026 | 26,000 | $147 | 0.57 |
Holiday Inn Melbourne Bourke Street Mall is the 8th point value among the 8 Melbourne hotels we price daily. The strongest value there right now is Crowne Plaza Melbourne at 0.62¢ per point. Points required have ranged from 22,000 to 35,000 per night across the dates we price. Within Holiday Inn it ranks 1066th of 1102 on point value. At 0.51¢ per point it beats 4% of the IHG hotels we track, a poor use of points.
From 24,000 IHG points as of August 3, 2026. Across the dates we price it has ranged from 22,000 to 35,000 points. 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 poor use. At 0.51¢ per point it sits below the IHG median of 0.58¢ and beats 4% of hotels we track.
Crowne Plaza Melbourne at 0.62¢ per point is the best IHG point value we track in Melbourne right now.
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