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Rumored World of Hyatt Changes
There’s a new rumor over at r/Hyatt. There’s no source for the rumor so we do not know how reliable it is, but the information is quite detailed and the timing lines up with the annual Hyatt category changes.
Category Changes
Based on this rumor, Hyatt will introduce new Category 9 and Category 10 properties.
- Category 9: 50,000 points per night (standard pricing)
- Category 10: 60,000 points per night (standard pricing)
Also:
- There will be meaningful reshuffling across what is currently Categories 6 through 8.
- Most major metro Park Hyatt properties that are already Category 8 such as Paris and Tokyo are expected to move to Category 9.
Free Night Awards
Certificates are expanding upward:
- Category 1 to 4 becomes 1 to 5.
- Category 1 to 7 becomes 1 to 8.
You will be able to top-off FNAs:
- Explorists will be able to top off a 1 to 5 certificate up to a Category 7 property.
- Globalists will be able to top off a 1 to 5 or 1 to 8 certificate at any property.
The top off amount will be based on the standard redemption rate of a Category 5 or Category 8. It will reference standard pricing only. For example, topping off a Category 5 certificate into a Category 7 could cost anywhere from 5,000 to 15,000 points depending on the property’s standard award band.
Super Peak Rate
A new super peak rate will be introduced for select service brands such as Hyatt Place, Hyatt House, Caption, during very high demand event periods. “Instead of traditional peak award bands, pricing during those windows will be tied to a fixed 1.5 cents per point floor until it reaches the peak pricing of two categories higher than the hotel’s assigned category.” There is an internal cap of 10 super peak nights per property per calendar year.
Example: If a Category 3 Hyatt Place is retailing at 450 dollars during a major event, redemption pricing would float to 23,000 points, which reflects Category 5 peak pricing and remains below what a strict 1.5 cents per point calculation would otherwise produce.
New Premium Card
We have already heard rumors of a new Chase Hyatt premium card and the two companies have said that they plan to expand their card portfolio. The new card is now rumored to have Park Hyatt branding. Here are the rumored details:
- Annual Fee: $795
- Signup Bonus: 100,000 points
- Earn:
- 10X points at Hyatt
- 3X points on dining purchases
- 3X points when booking directly with airlines
- Benefits:
- Explorist status
- Annual Cat 1-5 Free Night Certificate
- 20 qualifying nights deposited at start of year
- 10 qualifying nights for every $15,000 in spend
- Cardholders will earn Globalist with an additional 20 qualifying nights.
- Up to $400 in Hyatt statement credits ($200 semi-annually)
- Chase Sapphire and Priority Pass lounge access
Guru’s Wrap-up
As I mentioned above, this is just a post on reddit. And this is his first and only post there. But also, there are lots of details included and some that I would not think to make up if I was trying to troll the world.
Let me know what you think!
HT: No_Instruction3301
The post Hyatt Adding Premium $795 Card and Categories 9 and 10? appeared first on Danny the Deal Guru.
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