It's been a little over a year and a half since the last analysis of Hyatt points value. The landscape has shifted since late 2022, with two rounds of category changes impacting the value of Hyatt points. Let's delve into the latest estimations of Hyatt points value and the best strategies for award redemptions.
Changing Landscape
Since late 2022, there have been significant changes in Hyatt's award charts. Category 8, initially designated for SLH properties, now includes 24 of Hyatt's own hotels worldwide, resulting in a 50% increase in peak pricing. These shifts have impacted the overall value of Hyatt points.
Methodology
To determine the value of Hyatt points, real-world cash prices and point prices were collected for major hotel markets in the U.S. Three dates were analyzed in each market, considering weekday, weekend, and holiday weekend rates.
U.S. Centric View
Given U.S. consumers' preference for domestic travel, the analysis focused on U.S. markets. By selecting highly-rated hotels, the aim was to identify popular choices for award redemptions.
Calculating Value
The median observed point value for Hyatt points stood at 1.7 cents per point. This indicates that half of the observed results offered equal or better point value for award redemptions. The recent analysis reflects a slight decline in the value of Hyatt points compared to previous estimates.
Cherry-Picking Awards
For those who prefer to select high-value awards, the analysis suggests a potential value of around 2.1 cents per point. By strategically choosing award redemptions, individuals can maximize the worth of their Hyatt points.
Elite Member Impact
The analysis reveals a slight decrease in point value for elite members. However, the difference in value remains marginal, with Globalist members benefiting from additional perks like free parking on award stays.
Choosing Between Chase and Hyatt Points
While the Reasonable Redemption Value (RRV) for Hyatt points currently stands at 1.7 cents per point, Chase Ultimate Rewards points can be equally valuable when transferred to Hyatt or other lucrative partners. The key lies in utilizing points based on individual travel preferences and maximizing value.
Conclusion
In conclusion, the latest analysis indicates a drop in the Hyatt Reasonable Redemption Value to 1.7 cents per point. Despite the decline, Hyatt still offers opportunities for value-driven award redemptions. By understanding the current point valuations and employing strategic redemption tactics, travelers can make the most of their Hyatt points in 2024.
Stay informed about miles and points by subscribing to email updates or exploring our podcast on your preferred platform.