Deconstructing 85 hotel nights in 2018 by loyalty program points redemption value

In 2018, I booked 85 hotel nights across 10 hotel loyalty programs with only 2 non-chain nights. I regularly read leisure traveler arguments for hotels.com being a better rebate value at 10% of your average spend than hotel loyalty programs. Hotel loyalty programs bring my nightly room rate down to about $50 per night over…