Most of the time, you will only receive 1 cent in value per point redeemed towards flights and other reservations. (mybanktracker.com)
It is possible to get quite a bit more value per point by redeeming for full cruises. (rewardexpert.com)
But when you can book these flights for a relatively low amount of miles, you receive a very high amount of value per point redeemed. (mybanktracker.com)