Hyatt has announced they will be changing their Best Rate Guarantee Program starting on July 31, 2017.

Hyatt has offered a Best Rate Guarantee since 2003 to guarantee that Hyatt provides the lowest online, publicly available and immediately bookable rates for room reservations at Hyatt hotels worldwide. If a guest finds a lower qualifying rate elsewhere, Hyatt’s Best Rate Guarantee will now match the comparable lower rate and also offer a $50 credit to the guest, valid for use on a future Hyatt stay booked on Hyatt.com. The $50 credit will be provided as a single use offer code within four days of checkout of the initial stay and must be used within one year of being issued. This benefit will replace the current Best Rate Guarantee, which offers a 20% discount on valid lower rates found and is intended to underscore the value of booking directly with Hyatt for the best experience.

You can view the full details in this blog post.