TPG publishes monthly points and miles valuations<\/a><\/span>. These valuations are designed to help you decide when redeeming points or miles provides good value, and when you should book a paid rate and save your rewards for another trip.<\/p>\n Our valuations estimate the value travelers can reasonably expect when using rewards for their most valuable general redemption type \u2014 typically award flights<\/a><\/span> for airline miles (especially in premium cabins), hotel stays for hotel points and transfers to select, high-value partners<\/a><\/span> for transferable rewards. They aren’t intended to reflect the maximum value possible from an exceptional redemption, nor a bare minimum you can expect every time you redeem your rewards.<\/p>\n For our airline loyalty program<\/a><\/span> valuations, we use extensive data from Points Path<\/a><\/span> for some programs (denoted with a * in the valuations post). Points Path is best known as a Chrome extension that displays award pricing next to paid pricing in Google Flights<\/a><\/span>.<\/p>\n For these data-backed airline valuations, we consider a trimmed average of the redemption rates observed by Points Path users, excluding unusually high and low results.<\/p>\n For each monthly valuation, we analyze searches conducted during the previous three months for travel scheduled within a defined 10-month booking window. These searches include both domestic and international routes, though the proportions for each program depend on the flights that Points Path users search for.<\/p>\n In general, we subtract the taxes and fees charged on the award from the comparable cash price, then divide the remaining amount by the number of points or miles required. We match the cabin and fare conditions, meaning basic economy fares are only compared to basic economy awards. We round the final valuations to the nearest five-hundredths of a cent.<\/p>\n As you can imagine, that’s a lot of data points to consider for most programs. Here’s a look at just how many itineraries were included in each program’s August 2026 valuation:<\/p>\n We consider not only flights operated by the airline but also awards from some of its partners that you can book through the airline’s loyalty program. However, Points Path only collects data for some of each airline’s partners, so we can only include awards on partners when Points Path gathers data for them.<\/p>\n Reward your inbox with the TPG Daily newsletter<\/p>\n Join over 700,000 readers for breaking news, in-depth guides and exclusive deals from TPG\u2019s experts<\/p>\nTPG’s methodology for airline loyalty program valuations<\/h2>\n
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