When Hilton announced its latest devaluation in September 2025, many loyal Hilton Honors members felt disappointed and for good reason. Overnight and without any advanced warning, several of the most attractive redemption opportunities lost their value, making it harder to stretch points as far as before. Read more in our previous article here. What once felt like a reliable way to unlock luxury hotel stays now leaves many members frustrated and seriously wondering: are Hilton Honors points still worth collecting?
The honest answer is: yes, but only in certain cases. The pool of high-value redemptions has become much smaller, and you need to be more selective. Let’s look at when Hilton Honors points still deliver strong value, and where you should think twice.
What Is a Good Value for Hilton Honors Points?
Generally, Hilton Honors points are valued around 0.5 to 0.6 cents per point. However, to really maximize your balance, you should aim for above 0.6 cents per point, since Hilton often sells points during promotions at 0.5 cents each. If you redeem them for less, you’d actually be losing value compared to just buying points outright.
👉 Use our Hilton Honors Points Redemption Calculator to quickly see the value of your redemption and decide if it’s worth it.
Where Hilton Honors Points Still Shine
There are properties and situations where points redemptions continue to make sense if you know where to look.
And what about the former sweet spots, those high-end Hilton properties where redeeming points once reliably delivered great value?
Waldorf Astoria Maldives Ithaafushi
This resort is still one of the strongest candidates for points bookings. Standard room rates start at $2,600 and often climb over $3,000 per night. At 250,000 points per night, you still achieve a solid redemption value. The real challenge remains availability, standard room rewards are usually blocked and only released closer to the stay date. As of now, you can secure 3 nights in September 2025 entirely on points.
Waldorf Astoria Los Cabos Pedregal
This one is trickier. For 2025, cash rates start at $1,285 per night, which makes points redemptions less compelling. However, from 2026, rates are expected to start around $1,700 per night, which swings the math back in favor of using points. It’s a reminder that timing and seasonality can completely change the value equation.
Conrad Maldives Rangali Island
Currently priced at 180,000 points per night. Cash rates can dip as low as $708 with advance purchase, making a points redemption less attractive. However, during the winter peak season, rates start at around $1,350, which makes using points a far better deal.
Hilton for Luxury can deliver even greater value: at GajaDreams Hotels, we offer a Stay 4 Pay 3 promotion with room rates starting at $566 with half board and 25% off seaplane transfers and all other standard benefits. Book here.
Conrad Bora Bora Nui
A property that went from 120,000 to 200,000 points per night. Availability used to be a major frustration, but right now you can book five consecutive nights with ease. Considering the lowest room rate for 5 nights is around $1,400 in total, redemptions still offer excellent value, especially with the 5th Night Free promotion for Honors members.
Conrad Koh Samui
Now pricing around 110,000 points per night, this resort isn’t always worth booking with points. In 2025, cash rates can still be found around $450 per night, climbing to $550+ next year, but even then, the redemption value often falls short. A much stronger option is booking via GajaDreams Hotels with the Hilton for Luxury Stay 3 Pay 2 promotion, where rates start at just $376 including VIP benefits. Book here.
Conrad Osaka
Award rates have climbed from 95,000 to 110,000 points per night, while cash rates start from $500. That doesn’t always justify using points. Again, the best deal comes through GajaDreams Hotels with Stay 3 Pay 2, where flexible rates start at $374 with luxury perks. Book here.
Conrad Tokyo
Another favorite in Japan, now up to 130,000 points per night. Cash rates start around $450 for prepaid bookings. Using points can make sense in peak season, but otherwise the smarter play is booking through GajaDreams Hotels’ Hilton for Luxury program, with best flexible rates starting at $394 including daily breakfast and extra benefits. Book here.
Strong Seasonality Effects
While the overall value of Hilton Honors points has declined, there are still situations where redeeming points makes sense. The best opportunities usually appear during peak travel periods, when cash rates skyrocket but award rates remain capped. For example, bank holidays often push nightly rates at luxury resorts into the stratosphere. If standard room rewards are available, points can deliver excellent savings. Similarly, during the high season in destinations like Florida in February, points redemptions can represent strong value, especially when combined with the Stay 5, Pay 4 promotion, which effectively lowers the per-night cost of your booking.
A good example is the Conrad Fort Lauderdale: in October 2025, cash rates start around $480 per night, but in February 2026 they jump to $800–1,000. That’s the perfect time to redeem Hilton Honors points (95,000 points per night).
The Rising Value of Hilton Free Night Certificates
Another angle not to overlook is the Hilton Free Night Certificate. With standard room rewards now climbing as high as 250,000 points, these certificates have never been more valuable. A single certificate can cover nights that would otherwise require massive amounts of points — or cost over $1,500 in cash. For many members, they are becoming the true sweet spot of the Hilton Honors program.
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Conclusion
Hilton Honors points have undeniably lost value after the September 2025 devaluation, leaving many frequent travelers frustrated. Still, with the right strategy focusing on properties and seasons where cash rates soar while award rates remain reasonable, points can continue to unlock memorable stays at solid value. Before redeeming, always do the math and compare alternatives such as the exclusive offers available through GajaDreams Hotels.
