Update: The award chart changes and FAQ’s have now been posted on Hyatt.com.
Hyatt currently only has 5 reward categories, but they have just announced that they will be adding a new category 6. There will be 20 category 6 hotels and they will cost 22,000 points per night.
In all 65 hotels will be shifted to a lower category and 89 will go to a higher category.
I see this as a preemptive devaluation with the Hyatt credit card that is expected to launch very soon. With an influx of points expected in the system there has to be a devaluation at some point, although few expected it to come even before the launch of the credit card. Definitely an interesting strategy to devalue before trying to attract new customers with a credit card launch. Definitely classier than devaluing the year after launching, but interesting nonetheless.
Reservations can be made though 06/03 under the current chart and those reservations can be modified through 09/02 under the current award chart.