To calculate the value of your points, divide the cash price of the room by the number of points required to book it. For example, if a room costs $300 per night or 30,000 points per night, then each point is worth 1 cent. As you can book through a travel portal using fixed-value rewards for a minimum of 1 cent, and sometimes much more, I’d look to get above 1.5 cents for my redemption.