Originally Posted by
Petkula73
For what it's worth, I've always kept SPG points in SPG as the benefits are really good. We've had various nice hotel stays using part points and cash and Sheraton, Westin, Luxury Collection are normally of a very nice standard. For example, we had 8 nights at the Sheraton Gold Coast for something like 32000 SPG points and $400ish cash. That saved us something like $1600 on the normal rate. Plus there's no taxes and fees to pay on top.
I've come to the same conclusion myself. I'm using my SPG points on hotels. The value that can be had (especially where there is say, a major event on, and hotel prices are through the roof) is higher than the value i'd place on reward flights.