In general, I find most of the hotel programs to offer similar levels of return on spend. The biggest difference is that Hyatt hasn’t had as much of a deval throughout the years as Marriott or Hilton.

If you were used to spending 20k Hilton points on a room and now that room costs 60k, it seems awful even though you are likely earning 3x as many points now as well. Of course any banked points you have would be worth significantly less.