the hotels are in the business of making money
just like the airlines
the general population has abused them for decades with all sorts of ways to game the system etc yet when the points issuer devalues, they're criminals and brutal and how are we ever gonna survive again
why should a $9,000 business class seat from jfk-hnd be had for 60,000 aa points which are valued here at what .07? same with the hotels/resorts... cash rate x dollars. points rates capped at 25k. transferred from chase from 1:5 spending and the property is "under water"
maybe to offset the devaluations, buy the stock and collect dividends (not hyatt of course but if u become a shareholder, go to the annual meeting and campaign for that)