I'm not sure how I come out on this. I am PLT, but didn't requalify this year since my company cut back on travel. HOWEVER, I will be traveling frequently next year. I have a choice of where to stay, and since my destinations are London and Geneva, the only thing that really convinces me to stay at SPG properties is my status. Otherwise, there are much nicer options, which are usually more convenient.
If my PLT status was extended, I'd be inclined to direct my business to SPG.
But I also understand the flipside rationale.