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Nov 11

More about devaluation…

As discussed earlier, airlines will often raise prices of awards, thereby devaluing their programs.  One thing I forgot to mention is that one of them does it, the others often follow suit.  Why?  Because they can.  It’s the same way that my 4-year olds always want to be line leader and see everyone go after them.

In this case, it was Delta and Hyatt Hotels that picked up the trend.  Delta devalued for the second time this year, which might be a record.  Hyatt, a pretty well regarded program, also jumped into the game.

I like to joke that I never want to have more miles than I need for an emergency trip to Bali in first class, but seriously, hoarding only gets you hurt.  Spend as you get them and then earn more, saving only a smaller amount for an emergency.

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