FlyerTalk Forums - View Single Post - Hilton Agrees to Be Bought by Blackstone

Jul 3, 2007, 5:13 pm

#10

rdchen

Join Date: Jan 2006

Location: Bay Area

Programs: HH, PC, SPG, MR, GP, US, UA, AA

Posts: 3,466

Quote:

Originally Posted by Ritz

?? Sorry it seems indiscernable to you. Let me try to make it clear - PRIVATE COMPANIES DONT ANSWER TO INVESTORS - HILTON IS NOW PRIVATELY HELD, IT WAS PUBLIC - SO NOW THERE IS NO ONE TO DEMAND THAT HILTON STAYS COMPETITIVE WITH OTHER MAJOR HOTEL CHAINS' GUEST PROGRAMS (IE. THE INVESTORS) - WHICH MEANS THE HHONORS PROGRAM MAY LOSE SOME OF ITS VALUE, BOTH IN POINTS, REWARDS, AND OVERALL REGARD FOR ITS MOST FREQUENT GUESTS (IE. DIAMONDS, GOLDS, ETC). Does it make sense now? LOL.

Both Marriott & Haytt are privately-held, and I think most people would agree they are very competitive.

Last edited by rdchen; Jul 3, 2007 at 5:21 pm

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