The grass is not greener elsewhere. I have certain Hiltons I use frequently and I will continue to use these and I will continue to enjoy excellent treatment there. The same is true for InterContinental and SPG. It is my clear aim to keep top level tier in all three programs because I want to have a choice and Hilton will certainly get its share of 28 stays next year.

Redemption levels? Everybody here is speculating, nobody has information. It is my speculation that in particular European properties and properties in the Australia region will go up for very good reason. The HH point is USD linked and most of you guys value HH points in USD at whatever rate. However, the USD is close to its all time low at 1.50 to the Euro (even worse with the AUD) and the hotels in these regions get less and less value in local currency. Don't complain to Hilton, complain to the US government!