Perhaps controversially I think this is an enhancement as it seems like the price has gone down. It used to be $350 in Indonesia (cheapest market) and now it's down over a $100 (assuming two free nights)
10 percent off plus member rate is 15 percent total which is what the new membership offers. I guess it's not stackable with promotions but overall not a major downgrade.
50 to 30 percent dining is a downer but at the same time I appreciate that it's a flat reduction regardless of number of diners - I travel a lot for work and add a solo vacation on top so I often dine in a hotel restaurant alone, where I used to get 25 percent off.
The discounts are equivalent essentially to the ALL Plus voyageur rates in most cases (maybe slightly more for ALL Plus which can go up to 20 percent on higher end). Plus compared to APV the price is essentially the same and you get two free nights? No brainer that APV is basically dead no one should sign up for it.
Overall I think it's an enhancement with a couple draw backs. I'll be signing up again.