My understanding is properties get reimbursed based on their occupancy that night. of the points stay. Once occupancy hits a certain threshold of rooms booked to total rooms, the reimbursement rate goes up. I don't know how often they set that rate for each property though(yearly, quarterly, etc).

I don't know (so asking), how points rates are set? Are they set by Hyatt, or do hotels have flexibility to adjust? It seems in the new system, Hyatt will be setting the points rates?