I just got my list of (actually increased) benefits for the new year from the Fairmont Hotels President's Club.
Even the basic "Club" membership provides exceptional (IMHO) things. Highest level (mine) provides two guaranteed suite upgrades per year. Additionally Club members can use BMW custom bikes (don't laugh--they are more than the two wheelers we're all used to) with no fees at certain properties.
So, there is at least one company that is not revising their benefits downward for 2014.