Originally Posted by
controller1
If, as you state, Marriott had implemented a 1:2 conversion rate and we would have had an "exodus" of Starwood members, then Marriott certainly would not have received the value in the merger for which they paid. Marriott did not just pay for the physical properties. They also paid for the members, and their loyalty, in the SPG program.
There also would have likely been a massive outflow of MR points over to SPG if this were the case, as well as heavy SPG redemptions by loyals...plus the bad long-term ramification as you noted.