Hotel status isn't worth as much as rewards from 3rd party sites
Hotel chains don't give you status if you book through a third partyor Expedia. I've come to believe that the value from status is not worth as much as rewards from booking through Chase's platform. I'm not familiar with Amex's so it's probably similar, but whatever.
Hotel status means you get 1) Higher floors, 2) A nicer room, and 3) lounge access. La-de-da. I prefer rooms closer to the floor anyways, and if I need a suite, I'd book a suite. And sure, I save $20 on breakfast. Whoop-de-do.
When I travel for work, hotels for the week cost ~$1000. If I book through Chase, I get 10x points on the travel, worth 1.5 cents each, so I get $150 each time I travel out. 15%. Traveling once or twice a month means I'm racking up ~$2,500 in points I can use for the year. That's way, WAY more valuable to me than the perks of status
"But KHC, you still get points if you use your chase card!"
Yeah, you're right. You'll get like $800 in Chase points.
"You'll also get Marriott/Hilton/Hyatt points!"
You're right, if you travel that much, you'll get, what, 200,000 points? Maybe more? So 4 nights extra at a mid-tier hotel. Not like it's absolutely nothing, of course, but you're getting net $1,700 more in points/travel credit. Hell, with Chase, you can pay yourself back for restaurants at the same rate as redeeming for travel.
Even if the value of points were on par with each other, the fact that I can convert points to cash means they're more liquid and therefore more valuable to me.
Prove me wrong, but I just can't see a situation where the value of status is worth what I'm giving up in cash. I wouldn't pay to have status.