valuation

CPP

Cents Per Point

Definition

The cash value you get for each point spent on a redemption, expressed in cents. Example: 30,000 points for a $600 hotel night = 2¢/pt CPP.

Why it matters

The single most-important metric in points-and-miles. We benchmark every redemption against a conservative baseline CPP per program (Hyatt 1.7¢, UR 2.0¢, etc.) to decide if a redemption is worth using points vs cash.

Related terms in valuation

Off-Peak

Some programs (Iberia, Avianca, World of Hyatt) charge fewer points for awards on dates outside peak travel demand.

Award Chart

A published table of how many points an airline charges for various routes and cabins. Originally fixed (legacy programs); now mostly replaced with dynamic or region-based charts.

Redemption Rate

Same as CPP, the cents-per-point value you realize on a specific redemption.