Hilton Honors devalues, high-end redemptions skyrocket to 200,000 points per night
Another day, another devaluation. Hilton Honors has raised the price of its highest-end properties to up to 200,000 points per night for a standard room. Previously, Hilton standard award nights topped out at 150,000 points per night. This is the second Hilton Honors devaluation we've seen in the past six months, with select properties rising in price last December.
This change affects high-end properties like Waldorf Astoria Maldives Ithaafushi, where we now see 200,000-point nights when standard award nights are available. These nights used to cost 150,000 points per night, representing a more than 30% increase in award pricing at Hilton's most sought-after properties.
This isn't the only property that has gotten more expensive. Other high-end properties, including Mexico's Waldorf Astoria Los Cabos Pedregal, which rose from 140,000 points per night to 190,000 points per night, have also jumped up in price.
Meanwhile, standard room rewards at the South Bank in Turks and Caicos have risen from 130,000 points per night to 180,000 points per night, according to DansDeals.
"Similar to how our hotels adjust their room rates based on supply and demand, we routinely monitor and occasionally adjust Hilton Honors reward pricing to more closely correlate to market demand. The Hilton Honors program continues to offer incredible value, flexibility and choice to our most loyal guests," a Hilton spokesperson told TPG by email.
We're also seeing Hilton add more dynamic pricing to standard room rewards. For example, at Zemi Beach House in Anguilla, standard room rates range between 110,000 and 130,000 points per night on some dates. This range signals that Hilton could be moving toward a more dynamic pricing model for standard rewards — previously, this variance was largely reserved for premium room rewards.
We're seeing the same at Oceana Santa Monica, where standard room rates now range between 105,000 and 110,000 points per night.
On the bright side, Hilton still offers ways to get more value from your points. For example, the fifth-night-free benefit provided to Hilton elite members has remained in place, meaning you effectively get one-fifth of your five-night stays for free. You can earn Hilton elite status easily with Hilton's suite of cobranded credit cards, each offering some level of elite status.
Likewise, the free night certificates that come with select Hilton American Express cards remain uncapped, meaning you can still use them for standard night rewards at many of these properties.
Bottom line
These changes should serve as a reminder that rather than sit on your points for years, you should "earn and burn" them — after all, just like currency, award prices usually only inflate over time. Chances are, your points will never be more valuable than they are right now.
TPG featured card
at American Express's secure site
Terms & restrictions apply. See rates & fees.
| 3X | Earn 3X Miles on Delta purchases. |
| 1X | Earn 1X Miles on all other eligible purchases. |
Pros
- Delta SkyClub access when flying Delta
- Annual companion ticket for travel on Delta (upon renewal)
- Ability to earn MQDs through spending
- Various statement credits for eligible purchases
Cons
- Steep annual fee of $650
- Other Delta cobranded cards offer superior earning categories
- Earn 100,000 Bonus Miles after you spend $6,000 or more in purchases with your new Card within the first 6 months of Card Membership and an additional 25,000 bonus miles after you make an additional $3,000 in purchases on the Card within your first 6 months, starting from the date that your account is opened. Offer Ends 04/01/2026.
- Delta SkyMiles® Reserve American Express Card Members receive 15 Visits per Medallion® Year to the Delta Sky Club® when flying Delta and can unlock an unlimited number of Visits after spending $75,000 in purchases on your Card in a calendar year. Plus, you’ll receive four One-Time Guest Passes each Medallion Year so you can share the experience with family and friends when traveling Delta together.
- Enjoy complimentary access to The Centurion® Lounge in the U.S. and select international locations (as set forth on the Centurion Lounge Website), Sidecar by The Centurion® Lounge in the U.S. (see the Centurion Lounge Website for more information on Sidecar by The Centurion® Lounge availability), and Escape Lounges when flying on a Delta flight booked with the Delta SkyMiles® Reserve American Express Card. § To access Sidecar by The Centurion® Lounge, Card Members must arrive within 90 minutes of their departing flight (including layovers). To access The Centurion® Lounge, Card Members must arrive within 3 hours of their departing flight. Effective July 8, 2026, during a layover, Card Members must arrive within 5 hours of the connecting flight.
- Receive $2,500 Medallion® Qualification Dollars with MQD Headstart each Medallion Qualification Year and earn $1 MQD for each $10 in purchases on your Delta SkyMiles® Reserve American Express Card with MQD Boost to get closer to Status next Medallion Year.
- Enjoy a Companion Certificate on a Delta First, Delta Comfort, or Delta Main round-trip flight to select destinations each year after renewal of your Card. The Companion Certificate requires payment of government-imposed taxes and fees of between $22 and $250 (for itineraries with up to four flight segments). Baggage charges and other restrictions apply. Delta Basic experiences are not eligible for this benefit.
- $240 Resy Credit: When you use your Delta SkyMiles® Reserve American Express Card for eligible purchases with U.S. Resy restaurants, you can earn up to $20 each month in statement credits. Enrollment required.
- $120 Rideshare Credit: Earn up to $10 back in statement credits each month after you use your Delta SkyMiles® Reserve American Express Card to pay for U.S. rideshare purchases with select providers. Enrollment required.
- Delta SkyMiles® Reserve American Express Card Members get 15% off when using miles to book Award Travel on Delta flights through delta.com and the Fly Delta app. Discount not applicable to partner-operated flights or to taxes and fees.
- With your Delta SkyMiles® Reserve American Express Card, receive upgrade priority over others with the same Medallion tier, product and fare experience purchased, and Million Miler milestone when you fly with Delta.
- Earn 3X Miles on Delta purchases and earn 1X Miles on all other eligible purchases.
- No Foreign Transaction Fees. Enjoy international travel without additional fees on purchases made abroad.
- $650 Annual Fee.
- Apply with confidence. Know if you're approved for a Card with no impact to your credit score. If you're approved and you choose to accept this Card, your credit score may be impacted.
- Terms Apply.
- See Rates & Fees