The key is the planned stay. HH points have been in a straight line of devaluation for at least a decade. (Maybe longer - there have been multiple big structural changes to the program over the years, none good for the members.) Vastly worse than the gradual category creep of more stable programs like Hyatt, SPG, and Marriott.

It's getting harder and harder to find 0.5 cpp options with Hilton. If you do find one, lock it in when the points hit your account.