Until 3 years back, I was collecting miles/points on every known program. Then I sat down and decided on two. AA and HH.
For AA, I had to forego HK49 and wider aircrafts for only 500 mile upgs.(I have never been an EXP). In terms of HH, I had to forego the sheer quality of hotels. After crunching numbers, it was clear that HGVC's fixed costs would ensure that I pay today's dollar cost for a hotel room 7+ yrs in the future.
Looking back, I am glad that I made the right decision. If you are looking for a long term relationship, the bottomline of the company is as important as its loyalty program.
I don't know about other programs, but my favorite airline and hotel are not digging their own death.
[This message has been edited by Bourne (edited 01-11-2003).]