Major transfer partner devaluations hit Emirates Skywards as both American Express and Citi worsen their transfer ratios, though alternatives like Qantas remain strong. American Airlines reverses course by restoring airport standby for all passengers as part of their customer-friendly initiatives. Chase Ultimate Rewards offers a 50% transfer bonus to Marriott Bonvoy, significantly better than Amex's 20% bonus. New hotel openings include the world's smallest Park Hyatt in Johannesburg with just 31 rooms, plus exciting expansions coming to Vancouver and Florence for points enthusiasts.