If you've been sitting on a stash of miles and dreaming about a long-haul redemption, today's newsletter is going to get you excited. A solid block of Cathay Pacific award space just opened up out of Hong Kong for late May - and we're talking off-peak pricing across Economy, Premium Economy, and beyond.

We've got routes to London, Frankfurt, New York, Los Angeles, San Francisco, and Vancouver all showing availability around the May 29-31 window. That's rare. Normally you'd be lucky to find one or two of these open at once.

Oh - and two transfer bonuses expire TODAY (Chase to Aeroplan and Chase to IHG both end April 30). If you've been on the fence about transferring, scroll down to the transfer bonus section before you do anything else.

Speaking of Cathay Pacific - let's test your Asia Miles knowledge. Which of the following is the correct off-peak Economy award rate for Hong Kong to New York on Cathay Pacific?

The answer is revealed at the bottom of today's newsletter - keep scrolling!

Route: Hong Kong (HKG) to Los Angeles (LAX) on Cathay Pacific - Premium Economy

Points cost: 60,000 Asia Miles one-way (off-peak rate)

Available dates: May 29 (Friday) and May 31 (Sunday)

Value: Cathay Pacific Premium Economy on a transpacific route is genuinely one of the best products in the sky. Cash fares regularly hit $1,500-$2,000+ one-way, which puts this redemption at roughly 2.5+ cents per point - and that's being conservative.

Why it's special: Off-peak Premium Economy from HKG to LAX at this rate is genuinely hard to find. The peak rate jumps to 82,500 points - so you're saving 22,500 points by booking these late-May dates instead of summer peak travel. Cathay's Premium Economy cabin features a proper footrest, wider seat, dedicated cabin service, and a meal experience that puts many airlines' business class to shame.

Availability is Low, so this won't last. If May 29 or 31 works for your schedule, move quickly.

How to book: Search on Cathay Pacific's website using Asia Miles. You can transfer points from American Express Membership Rewards, Chase Ultimate Rewards, or Citi ThankYou to Asia Miles.

All of the economy deals this week are on Cathay Pacific out of Hong Kong, priced at off-peak rates. Availability is Low across all routes, so treat these as move-fast opportunities.

Hong Kong to New York (JFK) - Economy 40,000 Asia Miles one-way | Available: May 29, 30, 31 | Availability: Low Off-peak saves you 15,000 points vs peak (55,000). Three consecutive days of availability is unusual - great if you have flexibility.

Hong Kong to Los Angeles (LAX) - Economy 40,000 Asia Miles one-way | Available: May 29, 30, 31 | Availability: Low Same off-peak rate as New York. If you prefer the West Coast, this is an excellent use of 40,000 miles.

Hong Kong to San Francisco (SFO) - Economy 40,000 Asia Miles one-way | Available: May 29, 30, 31 | Availability: Low All three late-May weekend dates open simultaneously. Bay Area readers, take note.

Hong Kong to Vancouver (YVR) - Economy 40,000 Asia Miles one-way | Available: May 29 | Availability: Low Only one date showing here, so Canada-bound travellers should act fast.

Hong Kong to London (LHR) - Economy 45,000 Asia Miles one-way | Available: May 29 | Availability: Low London is always in demand. One date available, and it's off-peak. UK readers looking to fly home from HKG - this is your spot.

Hong Kong to Frankfurt (FRA) - Economy 45,000 Asia Miles one-way | Available: May 29, 30, 31 | Availability: Low Three days of availability into Frankfurt at off-peak rates. A solid gateway into Europe.

London (LHR) to Hong Kong - Economy 45,000 Asia Miles one-way | Available: May 29 | Availability: Low The return leg of the HKG-LHR route. One date available - if you're heading to Asia for a holiday, this pairs well with the outbound Frankfurt or London deal above.

Frankfurt (FRA) to Hong Kong - Economy 45,000 Asia Miles one-way | Available: May 30, 31 | Availability: Low Weekend availability out of Frankfurt heading to HKG. Nice option if you're based in Germany or connecting from central Europe.

💡 Tip for European readers: Smart With Points has great coverage of earning Asia Miles and Avios from UK credit cards - worth checking if you're planning to build up a stash for these routes.

We track hotel redemptions every week, and a 6.2 cents per point value is genuinely exceptional. Here's a sneak peek at what's in the full hotel section for premium members:

Park Hyatt Niseko Hanazono - Hokkaido, Japan Approx. 40,000 World of Hyatt points per night | 6.2 cents per point value This is the standout redemption of the week. 40,000 Hyatt points for a Park Hyatt in Niseko - one of Japan's most sought-after ski and luxury destinations - represents extraordinary value. Cash rates here can easily exceed $800 a night.

Grand Hyatt Baha Mar - Nassau, Bahamas Approx. 29,000 World of Hyatt points per night | 5.4 cents per point value A luxury Nassau resort at just 29,000 points a night? Yes. Premium members get the full breakdown including the 5th night free opportunity.

The full hotel redemptions list - including Marriott Maldives, Conrad Tokyo, and the IHG Six Senses Kyoto - is waiting for you on the other side of the paywall. Browse all hotel redemptions here.

Top hotel award values this week:

Unlock 10+ more hotel redemptions across all major programs with Premium.