valuation

Off-Peak

Off-Peak Award Pricing

Definition

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

Why it matters

Iberia off-peak business class: 34k points each way to Madrid vs 50k peak. The off-peak calendar shifts year-to-year, always check before assuming pricing.

Related terms in valuation

CPP

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.

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.