An award itinerary refers to a travel plan that is booked using loyalty points or rewards instead of money. It is a way to use earned points or miles to pay for flights, hotels, or other travel expenses. Full definition
A few of years ago I booked my first award itinerary - and it was an amazing one! (brooklyntropicali.com)
Delta allows you to place award itineraries on hold for 72 hours, even if the flight is on a partner airline! (pointsaway.com)
It can be frustrating to book a multi-segment award itinerary using British Airways Avios due to the fact that you're charged for each individual segment. (thepointsguy.com)