Earn 'n burn.
Just after UA's devaluation was announced I hopped on the LH YYZ-MUC F train and booked a trip to Berlin and the Alps. Using a bunch of Club Carlson points along the way.
The day of the UA devaluation, I booked BR's Hello Kitty service TYO-TPE in J for the hell of it and then added in DEN-ORD-NRT on AA/JL F and HKG-LAX-DEN on CX/AA F. Going in November.
Burning Hyatt points in Tokyo, SPG in TPE and HHonors in HKG. In fact, all 12 nights are on points.
I'll probably hold on to a small stash of AA miles (~150k right now) and keep earning those. I'm focusing Chase points on Hyatt and KE going forward.