World of Hyatt has announced several changes to its point redemption options next year, including the introduction of peak and off peak reward night pricing.
In March 2020, Hyatt will also introduce a less exciting change to the program – peak pricing. The announcement follows in the footsteps of most other large hotel rewards programs, including Marriott Bonvoy – which introduced peak pricing earlier this year.
Until March 2020, World of Hyatt members can continue to redeem points for free nights at the standard rate, averaging an industry leading 2 cents per point of value. But beginning in March, free nights will be priced based on the following chart.
See related: Best ways to use Hyatt points
Cost of a free night in a standard room
|Hotel category||Off peak||Standard||Peak|
Hyatt has not yet released a calendar to help travelers determine which dates will qualify as peak vs. off peak. Until one is publicly available, it is impossible to predict how much the estimated value of a World of Hyatt point will change.
What does this mean for the value of Hyatt points?
While the redemption value of dining and spa purchases will soon be much better, we think redeeming your points for a free night will continue to provide the best value for your World of Hyatt points. Despite the fact that many free night redemptions will cost more coming soon, you should still be able to find some great deals on Hyatt rooms.
Plus, World of Hyatt seems dedicated to making the transition to new price points as easy as possible for its guests. If you book a room in March before the new pricing goes into effect, and the cost is lowered to off-peak, you can get a refund for the additional points (one time only). Similarly, you won’t be charged any more points if the price increases to peak pricing.
With this in mind, we recommend making any known reservations before the change goes into place. For now, Hyatt points are the most valuable hotel rewards currency – so you should take advantage of that as long as you can.
Over the next few months, keep a close eye on the World of Hyatt site for additional announcements about peak pricing. While this change will almost certainly decrease the value of Hyatt points, You can still maximize your redemptions by taking advantage of off-peak and standard dates for the most expensive rooms.