The TravelDiari Points Valuation Index
Updated
Headline finding (Q2 2026)
World of Hyatt remains the most valuable hotel points currency at 2.19¢/point. That is roughly 1.7× the value of Wyndham Rewards (1.29¢/pt). Among bank-flexible currencies, Chase Ultimate Rewards and Amex Membership Rewards lead at about 1.9¢/point each, with Bilt Points close behind. The reason: all three transfer 1:1 to World of Hyatt, where the highest sustained per-point value lives.
How we value points
We publish the conservative end of the per-point value range. The numbers below are averages across real bookings, not the peak values you would get from a flukish redemption. That makes them lower than most points blogs report and more honest. You can plan a real trip against these numbers and the math will hold up.
check_circleWhat we include
- Typical traveler redemption patterns, not edge cases.
- Real seat and room availability, not theoretical award charts.
- Fuel surcharges and taxes deducted from the headline value.
- Brand-level overrides where the data is reliable.
blockWhat we exclude
- One-off peak redemptions that rarely repeat.
- Hard-to-find First Class seats most users will not book.
- Aspirational redemptions that require months of planning.
- The overhead of carrying a large unspent points balance.
event_repeatHow often we update
The underlying data refreshes every six hours from AwardWallet's feed. We re-publish the editorial copy and rankings on the 15th of every month. Methodology is held constant so values are comparable month over month. When a program changes its award chart (Marriott peak pricing, Hilton free-night tweaks), the impact shows up in the next refresh.
Top 3 most valuable currencies overall
#1 · Transferable Currency
Wells Fargo Rewards
2.39¢/pt
Newest transfer program of the big four. Best for Air France Flying Blue, Avianca LifeMiles, and British Airways Avios redemptions.
#2 · Transferable Currency
Citi ThankYou
2.30¢/pt
Transfer to Air France Flying Blue or Turkish Airlines Miles and Smiles for European or Star Alliance long-haul flights.
#3 · Hotel Points
World of Hyatt
2.19¢/pt
Free nights at Category 4 to 6 properties where the cash rate is over $400 a night. Park Hyatt and Andaz redemptions are the highest value the hotel world offers.
Transferable Currency
| Rank | Program | Value per point | Best use |
|---|---|---|---|
| 1 | Wells Fargo RewardsAwardWallet (live) · Reviewed 2026-06-24 | 2.39¢ | Newest transfer program of the big four. Best for Air France Flying Blue, Avianca LifeMiles, and British Airways Avios redemptions. |
| 2 | Citi ThankYouAwardWallet (live) · Reviewed 2026-06-24 | 2.30¢ | Transfer to Air France Flying Blue or Turkish Airlines Miles and Smiles for European or Star Alliance long-haul flights. |
| 3 | Bilt PointsAwardWallet (live) · Reviewed 2026-06-24 | 2.07¢ | Transfer 1:1 to Hyatt for hotels, or to Alaska Mileage Plan for partner airline flights. Bilt is the only currency you can earn on rent payments. |
| 4 | Capital One MilesAwardWallet (live) · Reviewed 2026-06-24 | 2.04¢ | Transfer to a partner airline for international flights. Skip the Capital One travel portal, which redeems at a flat 1 cent each. |
| 5 | Chase Ultimate RewardsAwardWallet (live) · Reviewed 2026-06-24 | 2.01¢ | Transfer 1:1 to Hyatt for free nights at properties where the cash rate is above $400. Hyatt is the only transfer partner where the math reliably works. |
| 6 | Amex Membership RewardsAwardWallet (live) · Reviewed 2026-06-24 | 1.99¢ | Transfer to a partner airline (Air Canada Aeroplan, Air France Flying Blue, Virgin Atlantic) for long-haul business class. For hotels, transfer to Hilton when there is a 30 percent or better bonus. |
| 7 | Brex PointsAwardWallet (live) · Reviewed 2026-06-24 | 1.61¢ | Best used by small business owners on Brex cards. Transfer to a partner airline for business-class flights, or pay travel with a 1 cent redemption. |
| 8 | Barclays PointsAwardWallet (live) · Reviewed 2026-06-24 | 1.00¢ | Most useful when paired with the Wyndham Rewards Earner Business card for Vacasa vacation rental bookings. |
Hotel Points
| Rank | Program | Value per point | Best use |
|---|---|---|---|
| 1 | World of HyattAwardWallet (live) · Reviewed 2026-06-24 | 2.19¢ | Free nights at Category 4 to 6 properties where the cash rate is over $400 a night. Park Hyatt and Andaz redemptions are the highest value the hotel world offers. |
| 2 | Wyndham RewardsAwardWallet (live) · Reviewed 2026-06-24 | 1.29¢ | Free nights at any Wyndham property cost 7,500 to 30,000 points. Best paired with the Earner Business card for booking Vacasa vacation rentals. |
| 3 | Choice PrivilegesAwardWallet (live) · Reviewed 2026-06-24 | 1.24¢ | Best at the chain's European partner hotels (Preferred Hotels, Nordic Choice) where 16,000 to 35,000 points beat cash rates by a wide margin. |
| 4 | Marriott BonvoyAwardWallet (live) · Reviewed 2026-06-24 | 0.94¢ | Best used at Ritz-Carlton and Luxury Collection properties on peak weekends. Skip Courtyard and Fairfield redemptions, which fall well under 0.5 cents each. |
| 5 | IHG One RewardsAwardWallet (live) · Reviewed 2026-06-24 | 0.68¢ | The fourth-night-free benefit on the IHG Premier card is the main reason to hold these points. Best at Intercontinental and Six Senses properties. |
| 6 | Hilton HonorsAwardWallet (live) · Reviewed 2026-06-24 | 0.62¢ | Worth holding only if you have an Amex Hilton card. Best at top-tier resorts like the Conrad Maldives and Waldorf Astoria, where cash rates are punishing. |
| 7 | Radisson RewardsAwardWallet (live) · Reviewed 2026-06-24 | 0.41¢ | Worth the least of any major hotel currency. Hold these only if you stay at Radisson Blu or Radisson Collection properties out of habit. |
Brand-level overrides
World of Hyatt, 13 brands tracked
| Alila | 3.31¢ | +51% vs program avg |
| Hyatt Residence Club | 2.67¢ | +22% vs program avg |
| Park Hyatt | 2.60¢ | +19% vs program avg |
| Hyatt Place | 2.28¢ | +4% vs program avg |
| Grand Hyatt | 2.10¢ | -4% vs program avg |
| Hyatt Centric | 2.08¢ | -5% vs program avg |
| Hyatt House | 2.03¢ | -7% vs program avg |
| Hyatt Regency | 2.00¢ | -9% vs program avg |
| Hyatt | 2.00¢ | -9% vs program avg |
| Hyatt Ziva | 1.90¢ | -13% vs program avg |
| Mr and Mrs Smith | 1.85¢ | -16% vs program avg |
| Andaz | 1.84¢ | -16% vs program avg |
| Thompson | 1.70¢ | -22% vs program avg |
Wyndham Rewards, 14 brands tracked
| Wyndham Grand | 1.67¢ | +29% vs program avg |
| Howard Johnson | 1.37¢ | +6% vs program avg |
| Wingate | 1.32¢ | +2% vs program avg |
| Super 8 | 1.25¢ | -3% vs program avg |
| TRYP | 1.25¢ | -3% vs program avg |
| Ramada | 1.24¢ | -4% vs program avg |
| Days Inn | 1.23¢ | -5% vs program avg |
| Dolce Hotels & Resorts | 1.22¢ | -5% vs program avg |
| Ramada Encore | 1.15¢ | -11% vs program avg |
| AmericInn | 1.13¢ | -12% vs program avg |
| Trademark Collection | 1.13¢ | -12% vs program avg |
| Microtel | 1.12¢ | -13% vs program avg |
| Wyndham Garden | 1.09¢ | -16% vs program avg |
| La Quinta | 1.02¢ | -21% vs program avg |
Choice Privileges, 11 brands tracked
| Comfort® | 1.38¢ | +11% vs program avg |
| Rodeway Inn | 1.31¢ | +6% vs program avg |
| Clarion | 1.29¢ | +4% vs program avg |
| Ascend Hotel Collection | 1.10¢ | -11% vs program avg |
| Econo Lodge | 1.06¢ | -15% vs program avg |
| Cambria Hotels | 1.03¢ | -17% vs program avg |
| Quality Inn | 0.97¢ | -22% vs program avg |
| Radisson | 0.96¢ | -23% vs program avg |
| Country Inn & Suites | 0.94¢ | -24% vs program avg |
| Sleep Inn | 0.93¢ | -25% vs program avg |
| MainStay Suites | 0.80¢ | -35% vs program avg |
Marriott Bonvoy, 27 brands tracked
| Protea Hotel | 1.41¢ | +50% vs program avg |
| St. Regis | 1.31¢ | +39% vs program avg |
| Edition | 1.18¢ | +26% vs program avg |
| Ritz-Carlton | 1.13¢ | +20% vs program avg |
| Luxury Collection | 1.08¢ | +15% vs program avg |
| TownePlace Suites | 1.05¢ | +12% vs program avg |
| Residence Inn | 0.97¢ | +3% vs program avg |
| Aloft | 0.96¢ | +2% vs program avg |
| AC Hotel | 0.94¢ | 0% vs program avg |
| Le Méridien | 0.94¢ | 0% vs program avg |
| Courtyard | 0.93¢ | -1% vs program avg |
| Fairfield Inn | 0.93¢ | -1% vs program avg |
| W Hotels | 0.93¢ | -1% vs program avg |
| SpringHill Suites | 0.90¢ | -4% vs program avg |
| Westin | 0.89¢ | -5% vs program avg |
| Four Points by Sheraton | 0.89¢ | -5% vs program avg |
| JW Marriott | 0.88¢ | -6% vs program avg |
| Sheraton | 0.88¢ | -6% vs program avg |
| Design Hotels | 0.87¢ | -7% vs program avg |
| Element | 0.87¢ | -7% vs program avg |
| Autograph Collection | 0.85¢ | -10% vs program avg |
| Delta Hotels | 0.84¢ | -11% vs program avg |
| Marriott | 0.80¢ | -15% vs program avg |
| Tribute Portfolio | 0.78¢ | -17% vs program avg |
| Renaissance | 0.77¢ | -18% vs program avg |
| Moxy | 0.75¢ | -20% vs program avg |
| Gaylord Hotels | 0.72¢ | -23% vs program avg |
IHG One Rewards, 12 brands tracked
| Staybridge Suites | 0.73¢ | +7% vs program avg |
| Candlewood Suites | 0.71¢ | +4% vs program avg |
| InterContinental | 0.69¢ | +1% vs program avg |
| Holiday Inn Express | 0.68¢ | 0% vs program avg |
| Holiday Inn | 0.68¢ | 0% vs program avg |
| Avid | 0.68¢ | 0% vs program avg |
| Hotel Indigo | 0.64¢ | -6% vs program avg |
| Kimpton | 0.63¢ | -7% vs program avg |
| Crowne Plaza | 0.62¢ | -9% vs program avg |
| EVEN | 0.56¢ | -18% vs program avg |
| Regent | 0.53¢ | -22% vs program avg |
| Holiday Inn Club Vacations | 0.50¢ | -26% vs program avg |
Hilton Honors, 16 brands tracked
| Waldorf Astoria | 0.84¢ | +35% vs program avg |
| LXR Hotels & Resorts | 0.67¢ | +8% vs program avg |
| Conrad | 0.67¢ | +8% vs program avg |
| Home2 Suites | 0.53¢ | -15% vs program avg |
| Curio Collection | 0.53¢ | -15% vs program avg |
| Tru by Hilton | 0.50¢ | -19% vs program avg |
| Homewood Suites | 0.50¢ | -19% vs program avg |
| Hampton | 0.49¢ | -21% vs program avg |
| Garden Inn | 0.49¢ | -21% vs program avg |
| Embassy Suites | 0.48¢ | -23% vs program avg |
| Tapestry Collection | 0.47¢ | -24% vs program avg |
| Hilton | 0.47¢ | -24% vs program avg |
| DoubleTree | 0.46¢ | -26% vs program avg |
| Canopy | 0.44¢ | -29% vs program avg |
| Motto | 0.43¢ | -31% vs program avg |
| Hilton Grand Vacations | 0.23¢ | -63% vs program avg |
How our valuations compare to other sources
The Points Guy, NerdWallet, and Frequent Miler all publish their own per-point valuations. They are generally higher than ours, because they include peak redemptions and aspirational uses (Lufthansa First Class, Park Hyatt Maldives suites) that the typical traveler will never book. Our numbers sit at the conservative end of the range.
Why that matters for a real booking decision: if you use a 2.5¢ valuation in your head, almost every redemption looks like a win. If you use our 1.9¢ valuation, you start saying no to weak transfers and saving points for the stays that actually deliver. Every booking widget on TravelDiari uses these same numbers, so the dollar-equivalent value you see in a search result matches the value you see on this page.
Industry norm
Aspirational values. Treat as a ceiling.
TravelDiari
Average values. Treat as a floor for real planning.
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Which hotel and airline award prices just went up, with the before and after numbers.
Deep dive
Is the World of Hyatt program worth it?
Why Hyatt sits at the top of the Index and how to actually capture that value.
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Which card to use for the bank-flexible currency you want to build.
Frequently asked questions
What are airline miles and hotel points actually worth?
Airline miles range from 1.2 to 2.0 cents per mile for most travelers. Premium-cabin redemptions can push 5 to 8 cents but require flexibility. Hotel points range from 0.4 to 0.8 cents per point at most chains, with Hyatt the standout at 1.5 to 2.0 cents because of its generous award chart.
What is 1 Amex Membership Rewards point worth?
About 1.85 cents in average value, based on real redemption data. The highest value comes from transferring to a partner airline (Air Canada Aeroplan, Air France Flying Blue, Virgin Atlantic) for long-haul business class.
What is the value of a Hyatt point?
Around 2.0 cents per point, the most valuable hotel currency in the market. The best results come from free nights at Category 4 to 6 properties where the cash rate is over $400, especially Park Hyatt and Andaz hotels.
Are Hilton points worth less than Marriott points?
Yes. Hilton Honors averages about 0.45 cents per point, while Marriott Bonvoy averages around 0.75 cents. Hilton makes up for the lower per-point value by handing out points at much higher rates (Diamond elites earn up to 40 points per dollar at Hilton properties).
Why are Hilton Honors points worth so little?
Hilton runs a high-issuance, low-value model. Diamond elites earn up to 40 points per dollar spent at Hilton properties, but each point is worth only about 0.45 cents. The math still works to roughly 18 percent return per dollar, but high-end properties (Conrad Maldives, Waldorf Astoria) can charge 95,000 to 150,000 points per night.
How does TravelDiari calculate cents per point?
We use AwardWallet's live valuation feed as the primary source. AwardWallet aggregates real redemption data from millions of users to produce statistically rigorous per-point values, refreshed every six hours. We supplement with our own analysis of brand-level redemption patterns (Park Hyatt vs Hyatt Place vs Andaz) and surface those overrides when the data quality threshold is met (10 or more sample bookings per brand).
Why do brand-level values differ from headline program values?
A single hotel chain's loyalty currency can deliver very different value depending on which brand you redeem at. For example, Marriott Bonvoy points are worth around 0.75 cents on average, but Ritz-Carlton redemptions come in closer to 1.0 to 1.2 cents while Courtyard redemptions fall to 0.5 cents. The Index surfaces these brand-level overrides so travelers can target the highest-value redemption properties.
How often is this Index updated?
The underlying data refreshes every six hours from AwardWallet's feed. We re-publish the editorial copy and rankings every month, with methodology held constant so values are comparable month over month.
Data attribution: AwardWallet. See awardwallet.com/point-mile-values. Live data fetched at Wed, 24 Jun 2026 22:59:26 GMT.
About the author
Ajay Singh
Co-Founder, TravelDiari
Ajay founded TravelDiari to make rewards math obvious at the moment of booking. He compiles the Points Valuation Index every month using a live data feed from AwardWallet, cross-referenced with TravelDiari's own redemption tracking across 50 plus programs.
- verifiedHyatt Globalist (top tier), 2022 to present
- verifiedMarriott Bonvoy Titanium Elite, 2020 to present
- verifiedHilton Honors Diamond, 2019 to present
- verifiedTracks live per-point values across 50 plus loyalty programs through TravelDiari's AwardWallet integration
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