Original Posted: April 2020
Famous quote from Warren Buffett but a similar idea can be applied to scouting travel deals when the world is sheltering indoors:
Hilton allows HHonors members to buy up to 80,000 points annually and occasionally runs promotions for 100% bonuses. The 60% bonus is valid until “September 30, 2020, at 11:59pm ET”.
They ran an extended 100% bonus promotion in December 2019 but the 60% bonus may be worth your while if you were recently forced to cancel a trip.
Forward-looking: I personally doubt Hilton will bring back the 100% promo for 2020 as they are impacted by COVID-19. They also recently sold $1B worth of points to American Express with existing agreements and are raising money just like other large hospitality operators. I will update this post as the situation changes.