IHG Rewards Club points are great because you can use them for decent reward nights and a bunch of other less valuable redemption (that you should not even consider) - they can also be converted into miles (largely at a 1000:200 ratio) which can be quite useful if you are converting to one that is potentially of greater value (e.g. Mileage Plan on Alaska Airlines). While I have previously considered reward nights in Singapore to be of inferior value, certain properties around Singapore (in a 7-8 hour flight radius) can offer pretty great value. For the purpose of comparison, I am using only the Best Flexible Rate which could potentially introduce bias in resort locations (these properties generally have a larger Advance Purchase discount).