Sure, worst case, it’s plausible that the StR New York will always be peak 100K. And even then, that still is slightly less than the equivalent 105K peak rate that SPG charged. So from SPG where such amazing properties originated to Marriott Bonvoy, the equivalent award price at peak still is less than it was.

For the all-suite spectacular properties like StR Bora Bora, StR Maldives, Al Maha, Mystique, etc, again almost all of which came from SPG, their award prices were astronomically higher with SPG—like the equivalent of 450K Marriott points—than they are now with Marriott Bonvoy.

So the worst case scenario isn’t remotely so bad. For anyone coming from SPG, the equivalent award prices are absolutely still less...and for the most aspirational properties they are much, much less. For anyone coming from Marriott or Ritz-Carlton, they never had access to such amazing properties in the first place. Everything with SPG seems more expensive from a former Marriott/Ritz Rewards perspective because of that, too.

So the complaints about peak pricing at the top are superfluous.