You can book yourself a tour around the Caribbean and South America stopping in three places for only 64,500 miles total with half the trip in a flat bed. By stopping in three places, I am referring to actual destinations, not connections that have to be under 24 hours.

This incredible deal relies on piecing together four sweet spots awards into one big trip.

Updated 1/29/16 to reflect new Aeroplan award prices effective for awards booked 12/15/15 or later.
Updated 10/6/15 to reflect new ANA award prices effective for awards booked 10/15/15 or later.

In the last few weeks, I have published some comparative charts of Star Alliance award charts. I'm putting all of those charts into this post for easier reference.

You can use any type of Star Alliance miles to book almost any Star Alliance flight. (Swiss, Lufthansa, and Singapore hold back some premium cabin award space for their own members.

I just booked myself an award from Los Angeles to Santiago, Chile in Business Class for 35,000 Asiana miles + $24. United would have charged 55,000 miles for the same flights!

Why Asiana Miles
Asiana has really cheap awards to Europe and South America and really expensive awards elsewhere.

Award space is wide open in Turkish Airlines Business Class between the United States and Europe for four people per flight over the heart of the Summer.

This is amazing news because normally award space over the summer is the toughest to find, finding four seats on the same flight in Business Class is almost unheard of, Turkish flies to more countries than any other airline, and you can book the space for as cheap as 40,000 miles one way with no fuel surcharges.
Turkish Routes
These are Turkish's routes to the United States.

From Istanbul, there are great

To anyone who will listen, I say that you should not expect to use your miles at peak times on high demand routes. Airlines use miles to get rid of distressed inventory--seats they don't expect to sell.

A few weeks ago, I used 27,500 Asiana miles (transferred from 22,500 Starpoints) to book myself a Business Class award from Honolulu to Bogota, Colombia. Now I'll tell you how to change an Asiana Club award.

I chose to use Asiana miles because it has a number of ridiculously cheap sweet spots including from Hawaii to South America.

Last week I used 27,500 Asiana miles + $38.30 to book myself a Business Class award from Honolulu to Bogota that I'll fly next month.

This is a steal of a deal because United would have charged 45,000 miles for the same ticket.

While I am ticketed, one of my two legs is in economy, so I have set an automatic alert to let me know if Business Class space opens on the leg on which I'm currently ticketed in economy.

Why use Asiana miles?
How to get Asiana miles and transfer time
Route planning
Award Search
Award

Last week I used 27,500 Asiana miles + $38.30 to book myself a Business Class award from Honolulu to Bogota that I'll fly next month.

This is a steal of a deal because United would have charged 45,000 miles for the same ticket.

While I am ticketed, one of my two legs is in economy, so I have set an automatic alert to let me know if Business Class space opens on the leg on which I'm currently ticketed in economy.

Why use Asiana miles?
How to get Asiana miles and transfer time
Route planning
Award Search
Award

United is offering tons of Business Class award space for the next 11 months on its flights to Rio de Janeiro, Brazil and Santiago, Chile.

Both routes will soon be flown by United's brand new 787-9 Dreamliners with flat beds in Business Class. You can book either route for as little as 35,000 miles one way.
United 787-9 Dreamliner
The United 787-9 Dreamliner has 48 beds in Business class in a 2-2-2 configuration. I would choose a middle seat, since both have direct aisle access.

United is offering tons of Business Class award space for the next 11 months on its flights to Rio de Janeiro, Brazil and Santiago, Chile.

Both routes will soon be flown by United's brand new 787-9 Dreamliners with flat beds in Business Class. You can book either route for as little as 35,000 miles one way.
United 787-9 Dreamliner
The United 787-9 Dreamliner has 48 beds in Business class in a 2-2-2 configuration. I would choose a middle seat, since both have direct aisle access.