A few years ago, IHG bought Iberostar Resorts, a brand that includes many all-inclusive properties, although not all of them are all-inclusive.
When analyzing award redemption rates at the time, I wasn’t overly impressed as the cost when booking with IHG One Rewards points seemed high versus the cash rate. That value might be a little better now courtesy of a targeted award sale that’s giving a 20% discount when booking Iberostar award stays.

The Deal
- Save 20% on Iberostar award stays booked with IHG One Rewards points.
- Direct link to offer.
Key Terms
- This discount offer (“Offer”) is available only to those IHG One Rewards members granted access to the discount when booking a Reward Night at participating Iberostar Beachfront Resorts through an official IHG online reservations site while signed into their IHG One Rewards account.
- The Offer is for a 20% Reward Night discount off the number of points needed to book a stay using points only.
- This offer does not include a discount for Points & Cash or any other redemption type.
- To qualify for this Offer, Reward Nights must be booked from May 11, 2026 to May 21, 2026 (the “Booking Window”) for stays from July 1, 2026 through November 30, 2026.
- The Offer is based on the time zone of the participating hotels at time of booking.
- Please note that the Booking Windows may vary slightly, due to time zones, depending on where you are located and where the desired properties are located. You should keep in mind the time zones that apply to your desired participating hotel when making your bookings to ensure you fall within the Booking Window for your desired property.
- Availability of the Offer is at the discretion of the participating hotel and is subject to availability and capacity controls.
- Blackout dates may apply.
Quick Thoughts
I’ve had a hard time ascertaining how much value can be had here. I did an initial search for an Iberostar property—Iberostar Waves Cristina—in Mallorca for August 12-16 while not logged in to my account. The pricing for a Garden-View Double for the al-inclusive package came to a total of 448,000 points. Here’s the breakdown of the nightly rate:

I then did a search while logged in to my account and the total pricing for those same nights came to 338,000 points. Now, that might seem like a discount that’s even better than 20% off and it is, but it’s not due to the award sale. I have an IHG One Rewards Premier credit card which gets me every fourth night free on award stays. That original 448K award pricing gets knocked down to 338K when the 110K points for the night of August 15 is removed, but there’s no additional 20% discount from this award sale.
I’m therefore not sure if the 20% discount is only applied to award stays of 1-3 nights. I’ve tried running some other searches, but I can’t get a proper breakdown of pricing when logged in as I don’t have sufficient points for it to display one.
If there is that 1-3 night restriction, that’ll be less useful depending on which properties you’re looking at. That because when running a search for a three night stay in Mallorca, most of the Iberostar properties didn’t return a result as they have a four night minimum stay.
Note that you do need to have been targeted for this promotion and be logged in to your account to have any chance of seeing the discounted pricing. The subject line of the email i received was ‘20% off Reward Nights at Iberostar Beachfront Resorts.’




