The key word is some
Both brands have their positives and negatives but to your point Hyatt has a good number of properties that are on the decline or sub par not renovated etc
Yet a number will be priced at not only a premium but wayyyyyyyyy more than cash rates which will make it harder than ever
to justify to redeem and be as loyal to their point currency
And for some none of this may be an issue and perhaps thats what Hyatt is counting on
At the end of the day I assume Hyatt wants to cut loose price sensitive customers and show them the door and they may or may not succeed with the strategy.
I've got my popcorn out to see where this all goes.

Having said that staying 60 nights to get a certificate that expires in 6 months that I can no longer use @ Andaz 5th Avenue or similar isn't going to work for me at all.
And the only program to not let me add points to receive the award I wish.
I can do better even with the dreaded Hilton program and the annual free night with a credit card (with no stays/nights)
at any category good for a year and every 5th night free just for starters
I'm a big fan of select Hyatt hotels but shy of the devaluation I see Hyatt failing to create any material improvements
to the program and keeping up other than limited promotions
and devaluations.Programs need to evolve devaluation or no devaluation.

Hyatt has been stuck in a rut material improvement wise since Jeff Zidell left years ago and despite that Mark Vondrasek came from Starwood/SPG
over to Hyatt honestly I expected better of he and his team.Perhaps his hands were/are tied.I admired him greatly in the Starwood era.
Remember when there was excitement to be and engage in a program? Exceptional value and recognition were common and fair game.
It was a privilege to be a member.

1999 SPG burst onto the scene and I was busting out 100 nights a year like an addict.Looking back I am grateful for the wonderful decades past
and hope for our younger travelers out there that a new golden era awaits their travel relationships and experiences less the robots and corporate greed.
Remaining optimistic none the less as I do fairly well even with dynamic pricing in other programs and genuinely wish to continue a mix of Hyatt where it matters
personally to me.