Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 48,182
AFAIK how these partnership work is they make a contract that ensures the credits accrued are balanced by the benefits given out. So the M&M owes the hotel programme when M&M members get points for staying at the hotel chain and M&M tallies that by awards given out for free stays at the hotel property or by allowing hotel points to be converted into M&M points. Usually this is in balance.