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Update: Hyatt plans to increase award rates at four properties in “mid-March”. So, make your bookings now if you want to lock in current prices.
Also, since publishing, Hyatt dropped the award rate for 12 properties as noted below.
First, Hyatt is setting a date for the launch of off-peak/peak award redemption program. Second, Hyatt is further extending point expiration dates, free night awards, and suite night awards. Third, the hotel award category adjustments scheduled for March 2021 will no longer occur, except for a few select properties.
Peak and Off-Peak Award Pricing
- Hyatt originally announced the implementation of Peak and Off-Peak Award pricing in late 2019.
- In response to COVID-19, Hyatt delayed the introduction of this pricing scheme until 2021.
- Now, Hyatt will implement Peak and Off-Peak pricing in July 2021.
When Hyatt first announced its new peak/off-peak pricing, they intended to roll it out on March 22, 2020. But, that didn't happen. Hyatt decided that it wouldn't make sense to make such a drastic amid an international pandemic. (I wish the folks at United would have recognized this too.) At the time, Hyatt announced that it would delay this introduction until an unspecified time in 2021.
Now, we have a solid timeline. For now, Hyatt will launch peak pricing in July 2021. That means that World of Hyatt point redemptions will remain at the standard pricing level through June 2021.
Hyatt Hotel Award Category Updates
- In 2019, Hyatt announced widespread hotel award category updates, affecting over 250 properties.
- The hotel program planned a similarly massive award price update in March 2020. This was postponed until March 2021 in response to the COVID-19 pandemic.
- Now, Hyatt has canceled this adjustment altogether. Instead, Hyatt is opting to modify the price of only 16 select hotels in two batches. Any further adjustments to hotel award prices likely won't occur until 2022.
Hotel programs generally adjust award pricing based on recent demand for hotels. But, given the current travel climate, recent demand isn't a great barometer for what future award pricing should be. Hyatt seems to realize that it will take a while to find its equilibrium. In the meantime, it's postponing any further adjustments to award pricing until 2022. Having firm award pricing for the next 1.5 years is customer-friendly, but it also makes sense for Hyatt.
Select Hotel Award Category Adjustments
There are 16 properties that Hyatt is moving forward with a change in the award price. Of these, 12 are price reductions. That means Hyatt is only increasing the award price of four hotels in total.
On October 29, 2020, Hyatt will lower the award category for the following hotels
- Stonebridge Inn, A Destination Hotel (category 5 to 4)
- Wailea Grand Champions Villas, A Destination Residence (category 6 to 5)
- Wailea Ekahi Village, A Destination Residence (category 6 to 5)
- Lichenhearth, A Destination Residence (category 6 to 5)
- Parker New York (category 6 to 5)
- Wailea Ekolu Village, A Destination Residence (category 6 to 5)
- Grand Hyatt Vail (category 7 to 6)
- Mauna Lani Point, A Destination Residence (category 7 to 6)
- Wailea Elua Village, A Destination Residence (category 8 to 7)
- Kaanapali Alii, A Destination Residence (category 8 to 7)
- Vail Residences at Cascade Village, A Destination Residence (category 8 to 7)
- The Lodge at Spruce Peak, A Destination Hotel (category 8 to 7)
In mid-March 2021 (date TBD), the following hotels will increase by one category:
- Hyatt Regency John Wayne Airport (category 2 to 3)
- Hyatt House Nashville/Downtown-SoBro (category 4 to 5)
- Mar Monte Hotel part of The Unbound Collection by Hyatt (category 4 to 5)
- Park Hyatt Aviara (category 5 to 6)
General Impressions on the Changes
Overall, a lot of Hyatt ‘Destination' properties—particularly in Hawaii—will be cheaper starting at the end of October. Also, with the drop, the Stonebridge Inn in Aspen Colorado will now be eligible for Hyatt Category 1–4 Free Night Awards that cardholders of the World of Hyatt Credit Card (review) receive on every cardmember anniversary.
- Earn 30,000 Bonus Points after you spend $3,000 on purchases in your first 3 months from account opening. Plus, up to 30,000 More Bonus Points by earning 2 Bonus Points total per $1 spent in the first 6 months from account opening on purchases that normally earn 1 Bonus Point, on up to $15,000 spent
- Get 1 free night each year after your Cardmember anniversary at any Category 1-4 Hyatt hotel or resort
- Enjoy complimentary World of Hyatt Discoverist status for as long as your account is open.
- Receive 5 tier qualifying night credits towards status after account opening, and each year after that for as long as your account is open
- Earn an extra free night at any Category 1-4 Hyatt hotel if you spend $15,000 in a calendar year
- Earn 2 qualifying night credits towards tier status everytime you spend $5,000 on your card
- Earn up to 9 points total for Hyatt stays - 4 Bonus Points per $1 spent at Hyatt hotels & 5 Base Points per $1 you can earn as a World of Hyatt member
- Earn 2 Bonus Points per $1 spent at restaurants, on airlines tickets purchased directly from the airlines, on local transit and commuting and on fitness club and gym memberships
- Up to 9X points total per $1 spent at Hyatt - 4X points per $1 when you use your card at Hyatt hotels & 5X points per $1 you can earn as a World of Hyatt member
- 2X points per $1 spent at restaurants, on airlines tickets purchased directly from the airlines, on local transit and commuting and on fitness club and gym memberships
- 1X point per $1 everywhere else
Unfortunately for me and my fellow Californians, three of our local California Hyatt properties will increase in price. However, given that both the Park Hyatt Aviara in Carlsbad and the Mar Monte Hotel in Santa Barbara have recently undergone significant renovations, this isn't necessarily surprising.
Further Postponing Point and Award Expirations
- World of Hyatt points typically expire after 24 months of inactivity.
- Suite Night, Club Lounge, and Free Night Awards usually expire 12 months after issuance.
- In March, Hyatt extended the expiration date for points until December 31, 2020.
- Now, Hyatt will extend the freeze on point expirations through June 30, 2021.
- Additionally, any Suite Night or Club Lounge Award set to expire on February 28, 2021 will now expire on December 31, 2021.
- Lastly, all active Free Night Awards are now good through December 31, 2021.
If you have awards piling up in your account, you may have been worried that they'd expire before you had a chance to use them. Thankfully, Hyatt has relieved that stress, confirming that you'll have the opportunity to use them for well over another year. Surely conditions will have improved by then (right?!)
Stack with Other Hyatt Promotions
These announcements pair nicely with the long list of generous promotions Hyatt has already announced, including:
- The Hyatt Bonus Journeys Promotion — Earn up to quadruple points on stays through January 4, 2021.
- 15–25% Rebate on Award Stays — Registered members can receive a 15–25% rebate on all free night awards through January 4, 2021.
- Free Parking — Receive free parking (including self-parking and valet) on all award stays through January 4, 2021.
- Triple Points on Dining — Earn triple base points on all dining purchases made at Hyatt properties (even when you aren't staying) through January 4, 2021.
- Earn Double Elite Nights — For every elite night earned through the Bonus Journeys Promotion, members will also earn one elite qualifying night towards 2021 elite status.
Hyatt has absolutely crushed the competition in terms of taking care of its loyalty members in the wake of COVID-19. Nearly all of today's announcements positively serve their customers, making me even happier to choose Hyatt for my next stay.
If you haven't hopped on the bandwagon with us, there's still time. Learn more about the World of Hyatt program and check out the Hyatt co-branded credit card that grants elite status and a free night each year.
How do you feel about Hyatt's latest round of extensions?
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