Originally Posted by
keeton
The people hurt by the devaulation are those who were "banking" their points for some way-in-the-future vacation (retirement?). It seems that HH was printing money with all of the promotional point offers so you should expect point inflation to occur.
As for those who earned status/points purely with the Amex card, well, those people earned HH a tidy little profit with no expense from HH so I would qualify those people as the best customers of all!
You nailed it. For those of us with sizable amounts of accrued points--they are suddenly worth much less, even though room rates have drastically decreased.
All because Hilton has been making boatloads of extra $$$$ selling points to credit card companies.
So Hilton wins big time. We as the most loyal customers lose big time.
But those of us who have supported Hilton the last year by traveling in a huge way during the economic meltdown have other options.
Last year I stayed 120 nights. This year I'll be lucky to make it to Gold for 2011....