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This is a great opportunity to secure Hyatt award stays through March 2022. World of Hyatt will soon offer peak and off-peak pricing for bookings starting in October 2021 (we don't know the exact date yet), for March 2022 and beyond.
World of Hyatt had originally planned to offer peak and off-peak pricing starting in March 2020. Due to the pandemic, that was delayed until July 2021 because of the drop in travel demand. Due to the long time it took for travel demand to recover, this was delayed further until March 2022.
Here are the details of this new World of Hyatt award pricing.
Hyatt Introducing Peak & Off-Peak Awards
World of Hyatt will introduce peak and off-peak pricing for bookings starting in October 2021 and stays beginning March 2022. There will be three redemption points under this structure:
Off-peak: You will need fewer points during off-peak hours, which starts at 3,500 points per evening
During off-peak hours, fewer points will be required, starting at 3,500 Points per Night Standard : Standard redemption periods will have points that are required at today's points requirement rates, which start at 5,000 Points per Night.
: Standard redemption periods points rates will apply, starting at 5,000 Points per Night Peak: Hotels that are busiest will require more points to get a free night. This will start at 6,500 Points per Night
During peak periods, award redemption rates rise
Hyatts Peak and Off-Peak Award charts
These changes resulted in peak and off-peak redemption rates for free nights for standard rooms, clubrooms, standard suites and premium suites. Points + cash also got free night redemptions. Variable pricing will be available for all-inclusive properties including Miraval.
Only room upgrades to club rooms or suites are eligible for peak and off-peak pricing.
Let's take a look to the new award charts.
New Redemption Rates for Standard Rooms
Standard room-free night redemptions saw a minimum difference in points of 1,500 and maximum differences of 5,000 points for peak redemptions and off-peak redemptions. These rates are not considered standard.
World of Hyatt Category off-Peak Standard Peak Category 1 3,500, 5,000 Category 2 6,500, 8,000 9,500 Category 3 12,000 Category 4 12,000 Category 5 15,000 18,000 Category 5, 17,000 Category 5 17,000 23,000 23,000 Category 6 21,000 29,000 Category 7 29,000 29,000 Category 7 25,000 29,000 Category 7 29,000 29,000 Category 7 25,000 35,000 Category 8 35,000 45,000 45,000 World of Hyatt Peak & Off Peak Pricing
New Redemption Rates For Club Rooms
Club room-free night redemptions were subject to a minimum difference in points of 1,500 and maximum differences of 5,000 points for peak redemptions and off-peak redemptions. These rates are not comparable to the standard rates.
Category Off-Peak Standard Peak Category 1 5,500 Category 2 10,500 12,000 13,500 Category 4 14,000 17,000 Category 4 14,000 17,000 Category 4 18,000 Category 5 24,000 17,000 Category 4 14,000 17,000 Category 4 18,000 Category 5 24,000 17,000 Category 4 19,000 Category 5 24,000 17,000 Category 4 18,000 Category 4 14,000 17,000 Category 4 18,000 Category 5 24,000 17,000 Category 4 19,000 Category 5 24,000 17,000 Category 4 18,000 Category 5 24,000 17,000 Category 4 19,000 Category 8 45,000 Club Rooms
Standard Suites Get New Redemption Rates
Standard suite-free night redemptions saw a minimum difference in points of 1,500 and maximum differences of 5,000 points for peak redemptions and off-peak redemptions. These rates are not comparable to the standard rates.
Category Off-Peak Standard Peak Category 1 6,500 9,500 Category 2 11,500 13,500 14,500 Category 3 17,000 23,000 Category 4 21,000 Category 5 29,000 32,000 Category 6 36,000 44,000 Category 7 33,000 Category 6 36,000 40,000 Category 7 43,000 Category 7 48,000 Category 8 53,000 Category 8 61,000 66,000 Hyatt Redemption Rates Standard Suites
New Redemption Rates For Premium Suites
Premium suites are free of charge for night redemptions. We saw a minimum difference in points of 3,000 and a maximum difference in points of 10,000 for peak and off-peak redemptions.
Category Off-Peak Standard Peak Category 1 7,000 13,000 Category 2 13,000 16,000 Category 3 18,000 24,000 24,000 Category 4 34,000 40,000 Category 6 42,000 50,000 Category 7 50,000 Category 7 60,000 70,000 Category 8 70,000 80,000 90,000.90,000 World of Hyatt Redemption rates for Premium Suites
Redemption Rates Increased for All-Inclusive Properties
Standard rooms in all-inclusive properties saw a minimum difference between 3,000 and 4,000 points for peak redemptions and a maximum difference between off-peak and peak redemptions. There was also a difference between 1,500 and 2,000 points for extra guests.
Category Off-Peak Standard Peak Category 1 17,000 23,000 10,000 11,500 Category2 21,000 25,000 29,000 Additional Person 10,500 14,500 World of Hyatt Redemption rates for All-Inclusive Properties
Standard suites at all inclusive properties saw a difference in redemptions for peak and off-peak rates of 5,000 points, as well as a difference between 1,500-2,200 points for extra guests.
Category Off-Peak Standard Peak Category 1 27,000, 32,000, 37,000 Extra Person 8,500 10,000 11,500 Category 2, 35,000, 40,000, 45,000 Category 2 35,000, 40,000, 45,000 Extra Person 10,500 1,2,500 14,500 World of Hyatt Redemption rates for Suites at All Inclusive Properties
New Redemption Rates For Miraval
Miraval properties saw a difference in peak and off-peak redemptions of between 5,000-100,00 points compared to standard rates. Plus, an additional guest would see a difference from 2,000-22,500 points:
Category Off-Peak Standard Peak Standard room 40,000 45,000 55,000 85,000 Extra person 17,500 20,000 22,000. 22,000 Standard Suite 65,000 75,000 85,000 85,000 175,000 Extra Person 17,500 22,000 Premium Suite 95,000 105,000 115,000 Additional Person 17,500 22,000 22,000 20,000 22,000 Premium Suite95,000 15,000 115,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 22,000 Redemption Rates for Miraval Properties
What will the Hyatt Peak and Off-Peak dates be regulated?
Here's what World of Hyatts leadership said about peak and off-peak dates.
As soon as the nights are available, free night redemption rates will be identified by peak, standard or off-peak. They won't change once they are posted, unlike Marriott where it is dynamic).
The geographic market determines the pricing of peak and off-peak properties. This means that all properties in the same area will follow the same calendar.
A property cannot designate a minimum or maximum number for peak or off-peak nights.
Standard redemption rates will be used for the majority of days in the year.
Hyatt will introduce a calendar that allows members to view award rates over a longer time period. This is at least one of the positives.
Hyatt doesn't do much to regulate peak- and off-peak dates
What happens to existing Hyatt Reservations
World of Hyatt members who have an existing award booking that is for a night that goes off-peak will be refunded the difference. Members will not be charged an additional fee if their award booking is modified to peak.
You will be charged the current award rates if you make a change to an award after the system has been in effect.
What happens to free night certificates?
Hyatt currently issues category-specific, free night certificates. Some of these are valid at Categories 1-7 and Categories 1-4. These certificates will be valid even during peak season. The maximum points value of certificates could increase.
Why is Hyatt making these changes?
If you are wondering why World of Hyatt switched to peak pricing and off-peak pricing, it all boils down to the economics of hotel loyalty programmes.
Hyatt manages its hotel portfolio, but it doesn't actually own the majority. Instead, hotels are owned by individual owners who have their own profit goals.
The amount that Hyatt will reimburse you for when you redeem points at Hyatt properties can be very different:
World of Hyatt compensates hotels for overcrowding, or nearly emptying, rooms.
World of Hyatt will reimburse the hotel if the hotel isn't full, even if you are occupying a room that would otherwise be empty. This is just a little more than the marginal cost.
Although peak and off-peak prices will likely reflect seasonality in hotels, I expect them to reflect Hyatts redemption cost, which are more about occupancy levels rather than hotel rates.
When a hotel is full, Hyatts redemption rates will be higher
My Take On World Of Hyatt Changes
Hyatt's decision to introduce peak and off-peak pricing is bad news for most members. People who maximize their hotel points often redeem in peak season to get the best value.
Although this is undoubtedly a bad development, I dare to say that it could have been worse. Most of the time I redeem standard room free nights awards, which are increasing by maximum 5,000 points per day.
Although it's not ideal, I feel that things could have been better. World of Hyatt will still be valuable to me, especially as a Globalist Member.
Hyatt doesn't regulate how many nights can go peak or off-peak. This is my biggest concern. I am concerned that hotels may have only peak dates half the year and standard rates the second half. There will be no off-peak periods.
We will have to wait to see how it is implemented. Although I don't believe that Hyatt hotels will act in good faith, I do think they are acting in good faith. But you never know.
World of Hyatt remains a great program in my opinion
Earning Hyatt Points Is Still Easy
World of Hyatt is a valuable resource because of how simple it is to access the points.
There are many credit cards that can earn Hyatt Points. You can earn World of Hyatt Points with the World of Hyatt Credit Card and the World of Hyatt Business Credit Card. It makes a huge difference to be able to transfer credit card points to Hyatt.
This post will cover everything you need about Hyatt points and credit cards.
Hyatt offers discounts or bonuses on points purchased, and this is just the beginning.
Bottom line
World of Hyatt will soon offer peak and off-peak pricing. These changes will be effective for bookings starting in October 2021 and stays beginning in March 2022.
This is a great time to make any speculative hotel bookings next year, where you are concerned that hotels might be subject to high prices. Once we know the official date, I'll keep you posted.
Do you have any speculative World of Hyatt bookings made before peak award pricing is implemented?
