It's not great news, but frankly, I do not think this change will impact my actual stays at Hyatt. It is likely to impact my credit card usage.

I travel a lot with my family (I had 81 butt in bed nights with Hyatt last year, nearly all personal) and there is no better program for traveling with a family than Hyatt:

• Confirmed suite upgrades - especially useful in Europe where base rooms often do not accommodate 3 people. 30 of my 81 nights last year were confirmed into suites and I consider this benefit incredibly valuable.
• Breakfast - for a family, superior to Marriott and Hilton for sure
• Late-checkout - extremely useful for my personal travel and I can pretty much rely on it with Hyatt

Then there's the credit card half. I put all my personal spending on a Hyatt CC and even started paying my estimated taxes on it last year (I value Hyatt points at 2 cents a piece, so was coming out slightly ahead when you consider it also helped me earn more SUAs). Now I will really think critically about whether this behavior continues to make sense, and I doubt it will.

But as to the actual stays, where else would I go? Marriott or Hilton are not going to meet my needs any better (in my opinion). By the way, I'm already Lifetime Titanium and don't get anywhere near the same treatment.