Hotel points are worth different amounts depending on the program you hold them in. World of Hyatt points are worth roughly 1.55 cents each, Marriott Bonvoy points sit around 0.8 cents, IHG One Rewards points fall between 0.5 and 0.6 cents, Accor Live Limitless points range from 0.6 to 1.0 cents, and Hilton Honors points are worth about 0.35 cents. These figures reflect average redemption value based on TPG's July 2026 valuations and NerdWallet's May 2026 analysis, and they set the baseline for deciding whether to redeem your points or sell them for cash.

Hotel Points Value at a Glance: 2026 Rates by Program

Hyatt leads every major hotel loyalty program in per-point value this year, worth 1.55 cents per point according to TPG's July 2026 valuations. Marriott Bonvoy follows at 0.8 cents per point, Accor Live Limitless lands between 0.6 and 1.0 cents, IHG One Rewards sits at 0.5 to 0.6 cents according to NerdWallet's May 2026 analysis, and Hilton Honors trails the field at 0.35 cents per point. The gap between Hyatt and Hilton is not small. A Hyatt point is worth more than four times a Hilton point, which changes the math on whether a given balance is worth redeeming, holding, or converting to cash.

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These numbers move throughout the year as programs adjust award charts and dynamic pricing models, so they represent averages rather than fixed rates you can expect on every booking. A property in a high-demand category during peak season will almost always beat the average, while an off-peak booking at a mid-tier hotel will fall below it.

World of Hyatt Points Value

World of Hyatt points are worth 1.55 cents each on average, making Hyatt the highest-value hotel currency among the major programs in 2026. Hyatt still runs a semi-fixed award chart across most of its portfolio, which gives members more pricing certainty than dynamic programs like Hilton and Marriott offer.

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That certainty came with a catch this year. Hyatt overhauled its award chart in May 2026, and 112 of its 136 properties moved to higher pricing tiers as part of that change. Members who redeemed at the old rates saw strong value, but anyone booking after the update needs more points for the same room than they did a few months earlier. World of Hyatt points expire after 24 months of account inactivity, so members sitting on a balance with no near-term travel plans should factor that expiration window into their decision.

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Hyatt's smaller portfolio compared to Marriott and Hilton limits redemption flexibility in some markets, but its category-based chart still produces some of the best per-point value available when award availability lines up with a member's travel plans. Members who cannot find that availability, or who need cash more than a hotel stay, often look at options to sell your Hyatt points instead.

Marriott Bonvoy Points Value

Marriott Bonvoy points are worth 0.8 cents each on average, placing the program in the middle of the pack among major hotel loyalty currencies in 2026. Marriott operates the largest hotel portfolio of any program, which gives members far more redemption options across price tiers and geographies than smaller competitors offer.

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That scale comes with a tradeoff. Marriott's category-based award chart spans a wide range depending on property tier, so the 0.8 cent average hides significant variation between a Category 1 property and a Category 8 resort. Members chasing the highest per-point value tend to target aspirational redemptions at top-tier resorts, where the implied value can run well above the program average. For a full breakdown of Marriott Bonvoy pricing tiers, redemption sweet spots, and how the 2026 valuation was calculated, see our dedicated Marriott Bonvoy points value guide.

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Members without a clear redemption plan, or those holding a balance too small for an aspirational stay, often find more practical value in choosing to sell your Marriott Bonvoy points for cash rather than letting them sit unused.

Hilton Honors Points Value

Hilton Honors points are worth about 0.35 cents each, the lowest average value among the major hotel loyalty programs in 2026. Hilton uses fully dynamic pricing with no published award chart, which means the cost of a given room in points can shift from week to week based on demand, occupancy, and cash rates.

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That low per-point value is partly a function of Hilton's generous earning rates. Members typically accumulate Hilton points faster than they accumulate points in other programs, so a large balance does not necessarily represent a large dollar value. The lack of a published chart also makes it harder to plan redemptions in advance, since members cannot look up a fixed point cost the way Hyatt loyalty members can.

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Because Hilton's dynamic pricing makes strong redemptions harder to predict, many members with large, unused balances explore whether to sell your Hilton Honors points for a guaranteed cash return instead of gambling on award availability. Members curious about how long an unused balance will last should also review do Hilton points expire before deciding.

IHG One Rewards Points Value

IHG One Rewards points are worth between 0.5 and 0.6 cents each, according to NerdWallet's May 2026 analysis, placing the program below Hyatt and Marriott but above Hilton on a per-point basis. IHG runs one of the largest hotel footprints globally, particularly at the midscale and upper-midscale level, which makes the program useful for members who travel frequently to smaller markets.

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IHG expires points after 12 months of inactivity for standard members, the shortest expiration window among the major programs covered here. That short window matters more than the per-point value for members who travel infrequently, since a forgotten balance can disappear well before it reaches a size worth redeeming. Members concerned about losing an IHG balance to inactivity should read do IHG points expire for the specific rules that apply to their membership tier.

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Given the modest per-point value and the tight expiration window, many members choose to sell your IHG points rather than risk losing an unused balance entirely.

Accor Live Limitless Points Value

Accor Live Limitless points are worth approximately 0.6 to 1.0 cents each, giving the program a wider value range than most competitors due to its mix of budget, midscale, and luxury properties across Europe, Asia, and beyond. Members redeeming at Accor's luxury and premium properties, including brands like Raffles, Fairmont, and Sofitel, tend to land toward the higher end of that range, while redemptions at economy and midscale properties fall closer to the lower end.

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Accor's geographic strength outside North America makes it a useful program for members who travel frequently to Europe or Asia, where its portfolio density gives it an edge over some competitors. Members with an Accor balance that does not match their travel patterns, or who prefer a guaranteed return over a variable one, can sell your Accor points for cash instead.

What Affects the Value of Hotel Points?

Several factors determine what a given batch of hotel points is actually worth beyond the program averages above. Redemption type, property category, and pricing model all shift the real value up or down from the baseline figures published by TPG and NerdWallet.

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Dynamic vs Fixed Award Pricing

Dynamic pricing, used by Hilton and increasingly by Marriott, ties the point cost of a room to real-time demand and cash rates. Fixed and semi-fixed pricing, still used by Hyatt across most of its chart, sets point costs by category regardless of day-to-day demand fluctuations. Dynamic pricing can produce excellent value during low-demand periods and poor value during peak season, while fixed pricing offers predictability at the cost of missing out on off-peak bargains.

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Property Category and Location

Higher-category properties in expensive markets almost always deliver better per-point value than lower-category properties in cheaper markets, since the cash price gap widens even as the point cost rises more slowly. A luxury resort in a major city can return two or three times the program average, while a budget property in a low-demand market often returns well below it.

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Redemption Type

Standard room redemptions form the baseline for most program valuations, but suite upgrades, all-inclusive redemptions, and peak-night bookings all shift the math. Members who redeem points for cash-and-points bookings, gift cards, or merchandise typically see meaningfully lower value than a straightforward room redemption.

When Selling Your Hotel Points Makes More Sense Than Redeeming

Selling hotel points for cash becomes the stronger option in several specific situations, even for members who generally prefer to redeem for travel. Comparing the implied value of a planned redemption against a live cash quote is the clearest way to make that call.

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Points Are About to Expire

A balance sitting close to its expiration date has an effective value of zero if it goes unused. Converting an about-to-expire balance to cash captures value that would otherwise disappear entirely, particularly for programs like IHG with a 12-month inactivity window.

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You Cannot Find Award Availability

Dynamic pricing and limited inventory can make a strong redemption impossible to book even when the program's average value looks attractive on paper. A balance that cannot be redeemed at a reasonable rate is worth more as cash than as an unusable asset.

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You Need Cash Now

Travel rewards only deliver value if a member actually travels. Members facing a more immediate financial need often get more practical benefit from a cash payout than from a hotel stay they cannot currently use.

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The Program Devalued

Award chart overhauls, like Hyatt's May 2026 update, can push the point cost of a target redemption out of reach overnight. Members holding points earned before a devaluation sometimes get more value by selling at the pre-devaluation implied rate than by chasing a redemption that now costs significantly more.

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Overall, program averages are a starting point, not a guarantee. The real value of a specific balance depends on which properties are available, how close it is to expiring, and whether a member has any near-term plans to use it at all. Find out what your hotel points are worth in cash and get a same-day quote from The Miles Market.