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Hilton Worldwide’s recent decision to raise the number of loyalty points required for a free stay at its hotels has some rivals smelling blood. Competitors like InterContinental Hotels Group Plc (IHG.L),  Best Western and Carlson Hotels have announced promotions aimed squarely at potentially-disgruntled Hilton stalwarts. “I’ve already shifted—I’m taking 25 nights from Hilton and giving them to Sheraton,” said Troy Myers, a Nashville-area consultant who is on the road some 200 nights a year. “I....

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