First of all I have always been a big Hyatt fan but this announcement is really bad



I have SPG Platinum and Marriott Platinum as well. Yes I stay in hotel a lot (over 250 nights a year for biz).
After becoming a lifetime diamond member last year I moved more biz to Hyatt but after the devaluation I will move more to others like Marriott and SPG.
Devaluing points during a downturn in revenue doesn't make since!
I have over 500K Goldpassport points and just calculated that I lost 6 free nights because of it!
I will be calling customer relations to share my opinion and hope that all of you frequent guests at Hyatt do the some!