My normal reaction to the category devaluations is - meh - something that is beyond my control and happens across all chains with regularity. I know it's not good to bank points, but I see no reason to use them in absence of a good redemption value, particularly as it takes me some time to accumulate them. And good redemption opportunities are rare for me, with young children and lack of opportunity for the 4+1 (5 night) stays.

But this time it feels different. The HHonors devaluation is massive for the top city properties that I've been looking to visit at some future date. Priority Club is also pretty bad for the midlevel HIX properties that are going from a ridiculous 25k to an absurd 35k/night. So I've decided to liquidate my current HHonors balance of 200k+ and PC balance of 100k+ I'm gonna hang onto Marriott as the increases were minimal for the hotels I plan to visit. Ditto for SPG, not happy about the P+C increases but still leaves a lot of properties within reach.

PC points were easy to use for a nice HIX on the California Coast. But Hilton is a bit tougher - Europe is a possibility, but that would require more logistical planning, you generally would not book rooms before the airfare.

So are you burning any of your points? Which programs and properties?

Mod- please note this is not a "are you abandoning loyalty?" thread and really would like to get opinions across programs rather than transfer this to a specific hotel chain.