Right.

Or to take advantage of other promotions, e.g., Hyatt's Faster Free Nights, which gives one free night per stay, or recently I have taken advantage of some pretty generous InterContinental and Starwood offers of bonus points per stay. For the truly insane, one could even rack up more Platinum amenities (e.g., 500 bonus points per stay in the case of full-service Marriotts) by hopping. These are all relevant only for redeemable points, however, and not elite qualification credit. With the exception of Faster Free Nights, I don't find it worthwhile to hop just to accrue more points for redemption.