This is concerning: "same number of peak and non-peak award nights available across the entire portfolio at any given time." The reality is that, worldwide, it should probably be about 10% peak and 90% off-peak most times of the year, with a few notable exceptions (Christmas / New Year's, etc.).

Half of the world is not having a major event or extreme demand right now.

We already pay for generally high award demand locations like London, Paris, and Hawaii through the very high categories on often-average hotels that would be much lower categories elsewhere. They shouldn't be using "peak" to stack on top of that just because.