Their blurb:
"HOYTS Points earn rate will change from January 15, 2026. These adjustments help us maintain and continue developing the value offered through HOYTS Rewards."
The update:
Until Jan 14, 2026
Member: 25 points per $1
VIP: 50 points per $1
From Jan 15, 2026
Member: 20 points per $1
VIP: 40 points per $1
Points expire 24 months after earning.
How is reducing the points continuing to develop the value?

Point devaluation has been around for a long time