It's rather amusing how the cutbacks (in practice if not in policy) come about when room rates are amongst the highest they have been. Apparently, cost-cutting is also on the table as is a growing belief that status-related benefits (per general practice in the past) are not needed for the higher occupancy at the higer prices.

That said: when the next downturn comes, such hotels may get their due return. And acquiring customers then will not be any cheaper.