Hyatt has the most valuable hotel points, by far. So it’s no surprise that a devaluation was due and now it’s here.
Luckily, standard award pricing won’t change, but they are introducing peak and off-peak award pricing starting on 3/1/20. Hotel awards have the most value when you redeem for nights during peak season when prices are highest. Peak pricing takes away from that value.
Luckily, Hyatt is being more fair than Marriott. Peak pricing will be determined in advance and won’t change dynamically based on close-in pricing.
And they’re also not pulling a Hilton, Delta, or United by eliminating award charts.
Peak pricing will be done geographically, with all hotels in that region sharing the same peak dates. Hyatt will add an award calendar to find award rates over a month-long period.
If you book an award before 3/1/20 and the price goes down Hyatt will automatically credit your account. If the price goes up on an existing booking you won’t have to pay the difference.
Here is what the new award chart will look like, with peak and off-peak pricing:
|Hotel (Click on category for list of hotels)||Standard Room Award||Points+30%-50% of Cash Rate||Standard Suite Night Award||Premium Suite Night Award|
|Category 1||3.5K Off-peak|
|Category 2||6.5K Off-peak|
|Category 3||9K Off-peak|
|Category 4||12K Off-peak|
|Category 5||17K Off-peak|
|Category 6||21K Off-peak|
|Category 7||25K Off-peak|
|Category 8||35K Off-peak|
On the plus side, Hyatt is lowering the cost of incidental spending award that previously had no value. Starting on 1/29/20 you can use this award chart for spa, dining, and other spending. For example currently $1,000 of incidentals would cost 120K points, a value of 0.83 cents per point. With the new award chart it will cost 65K points, a value of 1.54 cents per points.
The annual category 1-4 anniversary night that comes with the World of Hyatt credit card actually becomes more valuable as that can now be used at category 4 hotels during peak season.
You can lock in current award pricing by making future reservations before 3/1/20.
Even with these changes, Hyatt points remain much more valuable than other hotel points.
You can transfer points from Chase to Hyatt instantly:
Chase premium cards with transferable points:
- Chase Sapphire Preferred
- $95 annual fee, 60K points signup bonus, earn 2 points per dollar on dining/travel, 25% bonus value on using points for paid travel redemptions.
- Chase Ink Business Preferred
- $95 annual fee, 80K points signup bonus, earn 3 points per dollar on select business spending and travel, 25% bonus value on using points for paid travel redemptions.
- Chase Sapphire Reserve
- $450 annual fee, $300 in annual travel credit, 50K points signup bonus, earn 3 points per dollar on dining/travel, 50% bonus value on using points for paid travel redemptions, Global Entry/Pre-check, Priority Pass lounge access.
Chase no annual fee cards with transferable points if you, a spouse, or an additional user have one of the premium cards above:
- Chase Freedom Card
- No annual fee, 15K points signup bonus, earn 5 points per dollar in rotating categories.
- Chase Freedom Unlimited Card
- No annual fee, earn 3 points per dollar everywhere on up to $20K in spending during your first year, then earn 1.5 points per dollar everywhere.
- Chase Ink Business Unlimited Card
- No annual fee, 50K points signup bonus, earn 1.5 points per dollar everywhere.
- Chase Ink Business Cash Card
- No annual fee, 50K points signup bonus, earn up to 5 points per dollar.
- The World of Hyatt credit card is an excellent card and comes with 50,000 points in addition to annual free nights, elite status, and promotions. You can read more about the new World of Hyatt card here.
What do you make of the Hyatt changes?