It'll be interesting to see what the combined Starwood-Marriott 2018 behemoth ends up looking like. Hyatt and Hilton have devalued this year: will Marriott/SPG press the advantage and try to bring new people there with a rich program that *actually* takes the best of MR and SPG? Or will they just go along with the devaluation trend and know they can cut 20-25% value out of the program with minimal negative repercussions since people don't really have anywhere else to go...

Knowing out the travel industry works and how mergers usually work, I'm not hopeful.