This is bad.
To get back to my favorite topic of P+C. As you may be aware of, currently the points portion of a P+C rate is the same 5k points for cat. 1, 2, and 3 properties. And it's 10k points for both cat. 4 and 5 properties. This makes P+C a sweet spot particularly at cat. 3 and cat. 5 properties.
This sweet spot is eliminated fully. The points portion of the P+C rate under the new system will ALWAYS equal one third of the number of points required for an award night.
I mean, the fact that one-third the number of points of an award night give you not a 33% reduction in the room rate but a 40% reduction means it might remain every so slightly favorable. (Unless they change that as well.)
The fact that 60% of hotels cost more on pure award nights is also a straight-up devaluation.
EDIT: Not sure if it was posted above, but the EMEA part of Radisson will see completely analoguous changes to Radisson North America.