Originally Posted by
txhyattlvr
That’s not necessarily true. Chase buys points from Hyatt Corporate at a discount - likely around a cent a point or maybe just a bit more. The properties get VERY little from points stays unless they are at very high occupancy. At low occupancy category one properties get something around $20 bucks per night! It’s basically the marginal cost of turning over/cleaning a room plus literally a few dollars.
So no, you are very likely not a very profitable customer at all (particularly for the individual properties which are 95% not owned by Hyatt).
However, the real loophole IMHO are the folks that use other people’s money (or use “manufactured spending”) to charge like crazy on a Chase credit card (say an official or even unofficial travel agent that arranges travel for someone else, charges it all to their Hyatt card then gets reimbursed) THEN gets/uses all the points for themselves. There’s more than a few of these Hyatt card “Globalists” running around that do and did it this way - and they spend little to nothing with Hyatt themselves while seeking to milk ever benefit they can (entitled to or not) out of the properties...
It’s actually 140k to “spend to Globalist”, which isn’t easy especially when Chase/Hyatt gives someone a 5k/10k Credit Limit.
Anyway just to bring up profitability -
I cant speak for others who do Manufactured Spending or who Spend another way to make Globalist, I can only speak for myself.
Last year I met Globalist status through MS spending about 128 and staying 5 nights. Mainly because I didn’t see the value in Hyatt until later in the year and by then I had already stayed many nights with other hotels like IHG and Hilton.
Anyways this year -
As a new Globalist I plan on keeping my status through stays rather than relying on MS as it’s actually a very difficult process to do and extremely time consuming. In total this year I plan on spending around $5,000 on stays at Hyatt and booking probably 20 Award Night stays. I’ll get the 5 Elite nights from having the World of Hyatt Card and 10 nights from spending on the CC which also nets a Free Night Certificate after spending 15k.
Had I not been a Globalist I would be spending $0 with Hyatt and staying about 10 or less Award Nights from points transferred from Chase and allocate my spend towards Hilton.
That being said I love Hyatt, I would highly recommend them to everyone. It’s a great program overall, and I do believe Status and/or Certificate Extension is happening it’s just a matter of time.