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Welcome to coffee break, where we focus on a single topic related to miles and points.

And each coffee break is limited to 20 minutes or less for your money back.

On today's coffee break, Nick and I are going to be hashinging out Hilton's devaluation.

Let's talk about what happened, and then we're going to get into how big of a devaluation is it?

And has Hilton lost, have we lost faith in Hilton? Yeah, well, so at a base

level, Hilton increased the standard room redemption rates at a bunch of the really high end,

top sort of most aspirational properties. So, and when I talk about the standard room rate,

of course, that's because Hilton offers both standard rooms as awards and then premium room awards.

And premium room awards tend to yield very poor value for points and tend to cost lots and lots of points.

Standard room awards are more of what we think of as like a standard award chart.

Your Hilton Free Night certificates can be used for standard rooms. So they

increased the rate for those standard rooms pretty significantly at a number of places just last

week. And this comes on the heels of a similar devaluation that happened last December.

Yeah. So last December, they, you know, behind the covers, just raised the top rate for a number of hotels.

One example is Waldorf Astoria Los Cabos Pedrigal.

I don't know if I'm saying that right.

So that's a very highly rated property.

I haven't had a chance to go there yet, but people love it.

Last year, the maximum it would cost for a stand-of-room was 120,000 points.

But sometime in December, that jumped to 140,000 points.

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