Hilton is now at parity with Hyatt. Previously with the Global/Amex awards and lower award chard HH provided a superior value.
The analysis below is for a Diamond member that uses the chain credit card.
Hilton Earn
Base = 15
Elite = 5
Credit Card = 12
Total = 32
Top Award = 95,000 -> $2,969 in spend.
5 nights Top Award = 380,000 -> $11,875 in spend.
Hyatt
Base = 5
Elite = 1.5
Credit Card = 3
Total = 9.5
Top Award = 22,000 -> $2,316 in spend.
5 nights Top Award = 110,000 -> $11,579 in spend.