IHG's no-notice repricing: Asia +15%, US +10%, zero memo

IHG One Rewards runs dynamic pricing with no published chart, which means it can move award prices with zero notice. In the first week of July 2024, it did exactly that: Asia properties got 15% more expensive in points overnight, and US hotels rose 10%.

The marquee InterContinentals blew straight past their old unofficial ceilings. The InterContinental London Park Lane, which used to top out around 120,000 points a night, now demands up to 160,000 points on peak nights — a 33% jump at the high end.

No announcement, no transition window, no chart to point at. That’s the dynamic-pricing playbook: the devaluation is only visible if you were watching the numbers before and after. We were.

Our take: anyone building an IHG stash via SmartBuy or a transfer partner just watched its purchasing power shrink without a memo. Treat chartless hotel points as spend-now currency, and re-run your ₹-per-point math after this reprice — yesterday’s numbers are dead.