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Hyatt moving to peak and off-peak pricing — Here’s what you need to know

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Hyatt moving to peak and off-peak pricing — Here’s what you need to know

Meghan HunterHyatt moving to peak and off-peak pricing — Here’s what you need to knowMillion Mile Secrets Team

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With more airlines moving to dynamic pricing and more hotel programs changing their award charts, Hyatt was bound to join the party at some point. And starting in March 2020, Hyatt will implement a new award chart with peak and off-peak pricing, much like Marriott did earlier this year.

I know that sounds scary, but I promise it’s not all bad news.

The Park Hyatt St. Kitts is a Category 7 hotel, so starting in March 2020, award nights will cost between 25,000 and 35,000 points, depending on the season. (Photo courtesy of Hyatt)

The good news is that in some cases, you’ll pay fewer points for certain less-popular nights than you would have paid under the old award chart. What’s unfortunate is that it will be more difficult to squeeze the most value from your points because rates will be higher during peak dates, which is when you’d normally get the most value from an award stay.

Hyatt isn’t changing its hotel award categories — they’ll remain 1-8.

Here’s a look at the new charts:

As you can see, standard rates are staying the same. The new award chart will be applicable to all room types, from standard rooms to premium suites, and across all of Hyatt’s brands, including its all-inclusive properties and Miraval resorts. Points + Cash bookings will also move to peak and off-peak pricing, but will still require 50% off the standard cash price and 50% of the award cost for a free night.

What’s very important to note is that if you have an award booked before these changes go into effect, you’ll receive a one-time refund on the difference in points if your stay falls within the new off-peak times. Thankfully, you won’t be charged more if your existing award booking falls within the new peak pricing time frame. Hyatt also says that once peak, standard and off-peak dates are posted (usually 13 months in advance), they will not change, so you don’t need to worry about award prices changing throughout the year.

Given this, your best bet is to book any upcoming stays before these changes go into effect in March.

On another positive note, starting Jan. 29, 2020, you’ll get up to 50% more value from your Hyatt points when you use them for credit towards dining, spa, in-room purchases and more. For example, at the current redemption rate, you’d need to use 10,000 Hyatt points for a $50 credit. Now you’ll only need 5,000 points for a $50 credit.

Here’s a look at the old and new redemption rates:

If you use 65,000 Hyatt points for a $1,000 spa and dining credit, for example, you’ll get a value of over 1.5 cents per point, which is a decent deal.

You can find all the details of these updates to the Hyatt award chart, and more, here. And stay tuned for more analysis, once these rates go live, on how these changes will affect the value you’ll be able to get for your Hyatt points going forward.

Ways to earn Hyatt points

If you’re looking to earn more Hyatt points, consider The World Of Hyatt Credit Card. With it you can earn up to 50,000 Hyatt points after you meet tiered spending requirements:

  • 25,000 bonus Hyatt points after you spend $3,000 on purchases in the first three months of account opening
  • An additional 25,000 bonus Hyatt points after you spend a total of $6,000 total on purchases in the first six months of account opening

And don’t forget, you can also transfer Chase Ultimate Rewards points to Hyatt at a 1:1 ratio, from cards like:

  • Ink Business Preferred℠ Credit Card – 80,000 Chase Ultimate Rewards points after you spend $5,000 on purchases within the first three months of account opening
  • Chase Sapphire Preferred® Card – 60,000 Chase Ultimate Rewards points after you spend $4,000 on purchases in the first three months of account opening
  • Chase Sapphire Reserve® – 50,000 Chase Ultimate Rewards points after you spend $4,000 on purchases in the first three months from account opening

There’s no fee to convert points, and transfers are usually instant. Subscribe to our newsletter for more breaking travel news you can use.

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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Does this affect the Chase Annual Night?