I would also call into question the number of Titanium guests that are truly frustrated with Marriott to the point of taking their business elsewhere. If I had to bet, I would say that many people, including many Titaniums, are willing to accept poorer service, recognition, and benefits as a consequence of the pandemic and subsequent recovery period that they feel are going to be found across the entirety of the hospitality and service industries. Personally, as a Titanium and a Globalist, I have found that Hyatt properties seem to be recovering towards pre-pandemic norms a bit faster than many Marriott properties (although, of course, this is still very property-dependent as I have had some really positive Marriott stays, too), but I would be lying if I said that I wasn't worried that Hyatt will eventually go into the same financial pitfalls that SPG did back in the day (if they haven't already).