Originally Posted by
notquiteaff
Are you saying that Hyatt or the property has taken away the rooms to wait for higher points payments? (what would be in it for the property?)
Or that all the rooms were booked up within hours of this announcement by members burning down their piles of Hyatt points?
Simply speculating as this has happened historically in Hyatt's European hotels notably London and Paris.
There were also far fewer properties in those cities back then that were Hyatts compounding the matter further.
The hotels some will bring back inventory or load more of it when they know they are going to be getting paid more
for redemption's just after the increases go into effect
The announcements are brand new.We all knew some changes would be coming. To what extent no one new for sure
I think there were more rumors than facts!
To your thought/question I believe the most popular properties will tend to be booked in advance over the weeks and months ahead
like never before as this may be the largest
devaluation in Hyatt's history.Especially those members that have saved and don't have large reserves of transferable points.
They are the ones that may likely be hurt the worst.
Thanks to Chase and Citi/others many of us can go transfer with a click to Accor and a wide variety of other hotel programs opportunities
with large reserves in a variety of transferable accounts where it makes sense to likely better protect ones points currency.
I've lowered my account balance with Hyatt.
I know Gary Leff knows the numbers one of the many things hes brilliant at/ I'd like to get the round numbers on lost value
Hyatt has spoken loud and clear despite its limited footprint it will charge as much or more than the larger hotel companies.
Each of us will have to make the best decision for our selves.
I've learned that cost, perceived values differ greatly with members after decades on & off these FT hotel forums and other social media sites.
One giant downturn pandemic economy hiccup and Hyatt will be churning out the promo's unless with the current administration
they pull a miracle out of a hat or file
and the travel industry might greatly prosper.
When we look at Int travel down to the US overall a decline in select domestic cities Vegas/San Fran/San Diego etc
Early on I think Hyatt got overly greedy by simply watching other programs rather than thinking out of the box.Some of it makes no sense to me
Time will tell!