Update, 10/20: Peak and off-peak pricing will go into effect at 11am ET on 10/26 for stays starting from 3/1/22.
Update, 10/13: Peak and off-peak pricing has been pushed off several times due to the pandemic, but Hyatt tells me that they will be moving forward with these changes that were last pushed off until “mid-October 2021.” When it goes into effect, hotel stays starting in March 2022 will price at off-peak, standard, or peak pricing.
Book Hyatt award stays now to lock in standard pricing! If the award cost goes down due to off-peak pricing you’ll get an automatic points refund.
While award nights are typically cancellable until close to the stay, always check the cancellation policy before a speculative booking and set a reminder in your calendar for when to cancel it.
Post which hotels you will be booking stays at!
Originally posted on 12/4/19:
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:
If you, a member in your household, or an authorized user has one of the following Chase cards, you can transfer points into miles:
- Chase Sapphire Preferred has a 60K signup bonus, earns 2.1 points per dollar on travel, 3.1 points per dollar on dining, streaming, and online groceries, has a $50 hotel credit, can transfer all Chase points into miles, and points are worth at least 1.3 cents each for paid travel or pay yourself back categories ($95 annual fee). Read more here.
- Chase Sapphire Reserve has a 50K signup bonus, earns 3 points per dollar on dining/travel, has a $300 travel credit, can transfer all Chase points into miles, and points are worth at least 1.5 cents each for paid travel or pay yourself back categories ($550 annual fee with $300 travel credit). Read more here.
- Chase Ink Preferred has a 100K signup bonus and earns 3 points per dollar on shipping, advertising, and travel, can transfer all Chase points into miles, and points are worth at least 1.25 cents each for paid travel or pay yourself back categories ($95 annual fee). Read more here.
Chase no-annual fee cards that are fantastic for earning points, but require one of the cards above for points transfers include:
- Chase Ink Cash has a record high 75K signup bonus and earns 5 points per dollar on cable, TV, telecom, cellular, office supply stores, and gift cards from office supply stores, plus 2 points per dollar on dining and gas ($0 annual fee). Read more here.
- Chase Ink Unlimited has a record high 75K signup bonus and earns 1.5 points per dollar everywhere ($0 annual fee). Read more here.
- Chase Freedom Flex has a 20K signup bonus, plus earn 5 points per dollar on up to $12K in groceries for 1 year, plus 5 points on rotating categories, 5 points per dollar on travel purchased through the Chase Ultimate Rewards portal, and 3 points per dollar on dining and drugstores ($0 annual fee). Read more here.
- Chase Freedom Unlimited has a 20K signup bonus, plus earn 5 points per dollar on up to $12K in groceries for 1 year, at least 1.5 points per dollar everywhere, 5 points per dollar on travel purchased through the Chase Ultimate Rewards portal, and 3 points per dollar on dining and drugstores ($0 annual fee). Read more here.
What do you make of the Hyatt changes?