As IHG One Rewards devalues, which hotel schemes still offer outsized value on peak dates?

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IHG One Rewards, the loyalty programme for Holiday Inn, Crowne Plaza, Hotel Indigo, InterContinental etc, appears to have quietly devalued its redemptions.
It’s difficult to be 100% certain about this because IHG has no reward chart these days. The points price is roughly based on the cash price, so unless you tracked the old cash rate for a hotel it is hard to compare like for like.
For example, a New York booking I have with IHG for October was 61,000 points last month.

This was published by Head for Points, to read the complete post please visit https://www.headforpoints.com/2024/07/11/which-hotel-programmes-still-offer-outsized-value/.