[GONE] Costco selling Hyatt Check Certificates (Not Applicable to Pre-paid Rates)
Dec 8, 2009, 6:16 pm
#91
Join Date: Mar 2007
Location: ABQ & RNO
Programs: AA EXP 4MM, Piper Dakota, Admirals Club, Hyatt Glob, Hilton Gold, Wyndham Diamond
Posts: 1,426
It gets better....
Just purchased $3,000 worth of GCs for $2399.70 (no sales tax). Costco customer service says, "Let me save you some money. If you upgrade to Executive, $50, this purchase will just about pay for it because you'll begin getting 2% cash back begining with this purchase for whole your membership year, and we'll extend it another 2 months."
We shop at Costco quite a bit so I went for it. I've got about $2,000 worth of business Hyatt stays planned for January alone.
We shop at Costco quite a bit so I went for it. I've got about $2,000 worth of business Hyatt stays planned for January alone.
Dec 8, 2009, 6:18 pm
#92
FlyerTalk Evangelist
Join Date: Jun 2008
Location: Rural TN (but WAS native)
Programs: National Executive Elite, none of the others matter
Posts: 23,823
Understand "generate cash" and there's a fair percentage of expiring certificates that are never redeemed. However, the sales of gift certificates doesn't reflect as sales or revenue - they are cash flow but a liability until redeemed or expired. Once redeemed, they become revenue / sales.
Dec 8, 2009, 6:23 pm
#93
Join Date: Nov 2002
Location: SEA
Programs: SPG Lifetime PP ; Hyatt Globalist ; Nexus
Posts: 950
Dec 8, 2009, 6:46 pm
#94
Ambassador: World of Hyatt
Join Date: Apr 2000
Location: San Diego,CA
Posts: 10,088
Essentially 5k in gift checks would pay the 100 dollar membership off for the year
Dec 8, 2009, 7:44 pm
#95
Join Date: Feb 2004
Location: CLE
Programs: UA GS+LT UC, AA EXP+LT PLT, Fairmont LT PLT, Marriott PLT, Hilton DIA, Hyatt Glob, Avis CHM
Posts: 4,671
Understand "generate cash" and there's a fair percentage of expiring certificates that are never redeemed. However, the sales of gift certificates doesn't reflect as sales or revenue - they are cash flow but a liability until redeemed or expired. Once redeemed, they become revenue / sales.
Dec 8, 2009, 8:07 pm
#96
Moderator: GLBT Travelers & Hyatt Gold Passport
Join Date: Jan 2000
Location: CVG
Posts: 15,300
Yes I agree - but normally companies don't give 20% + discount on selling their GCs.
Dec 8, 2009, 8:21 pm
#97
Join Date: May 2006
Location: BOS and ...
Programs: UA 2MM, AA 600k, DL 500k, Hyatt GP 1M, HH Gold, Rad. Gold, CP Gold, Miracle Fruit-su Club
Posts: 9,950
FWIW to my Boston colleagues, in the greater BOS area:
Yes:
Danvers
Dedham
No:
Avon
Everett (and won't be getting them, per the manager who looked all this up)
Was told at Everett that Danvers and Dedham each have ~ 70 in stock, have sold ~ 70, and ~ 150 on order. Got her attention. As did the fact that I was the third person to ask her about them in the last two days. (The FT underground at work?)
oswaldjacoby, sorry for casting aspersions. Will advise brother, who also doesn't have a computer.
And jumpdogjump, brilliant. I've long said that FlyerTalk ought to have a special place for multiple deals that leverage, one on another -- and for those who figure them out and share.
By the way, the person I spoke with said there's a similar Costco/Travelocity 20%-off deal.
Yes:
Danvers
Dedham
No:
Avon
Everett (and won't be getting them, per the manager who looked all this up)
Was told at Everett that Danvers and Dedham each have ~ 70 in stock, have sold ~ 70, and ~ 150 on order. Got her attention. As did the fact that I was the third person to ask her about them in the last two days. (The FT underground at work?)
oswaldjacoby, sorry for casting aspersions. Will advise brother, who also doesn't have a computer.
And jumpdogjump, brilliant. I've long said that FlyerTalk ought to have a special place for multiple deals that leverage, one on another -- and for those who figure them out and share.
By the way, the person I spoke with said there's a similar Costco/Travelocity 20%-off deal.
Dec 8, 2009, 8:54 pm
#98
Join Date: Jul 2009
Posts: 847
I noticed the T&C used the standard "participating" properties verbiage. According to GP, the only two hotels that do not accept them are Hyatt Regency Trinidad and Hyatt Regency Tianjin in China.
Dec 8, 2009, 9:41 pm
#99
Join Date: Feb 2004
Location: CLE
Programs: UA GS+LT UC, AA EXP+LT PLT, Fairmont LT PLT, Marriott PLT, Hilton DIA, Hyatt Glob, Avis CHM
Posts: 4,671
There are GC's for restaurants, amusement parks, spas, etc. and all had at least a 20% discount.
These are hard times, free cash flow on the balance sheet looks good.
Dec 9, 2009, 2:13 pm
#100
Join Date: Jun 2004
Posts: 812
I actually still have some remaining gift cards from the last promo. Plus, my experience with the gift certificates/gift cards is that they are significantly more hassle to use than simply charging on your credit card. So I'm not sure how much I'd want to stock up on these, though I'd probably still get some if I see these in my local Costco.
Dec 9, 2009, 3:03 pm
#101
Join Date: Aug 2003
Location: Chicago, IL, US
Programs: UA GM/Hyatt Diamond/SPG Gold/HI Plat/HHonor Gold/Delta GM
Posts: 211
Found the actual Hyatt Gift Cards st Costco Schaumburg, IL today. They just got the box containing the certificates. They handed out the certificate with generic white envelope with my purchase. Unlike the Gift Cards purchased from Hyatt.com, these are supposed usable worldwide. Will try to see how acceptable this is at a Summerfield suite this weekend.
Dec 9, 2009, 4:35 pm
#102
Join Date: Nov 2006
Location: Chicago, IL
Programs: AA EXP & AAirpass, Hyatt Courtesy Card, SPG Platinum
Posts: 991
Dec 9, 2009, 5:22 pm
#103
Join Date: Sep 2006
Location: All over
Programs: AA-LTP, HH-DIA, Marriott-LT+AMB, Hyatt-Globalist, Hertz-PC, UA-GS
Posts: 6,828
Just picked up some today at the Fresno North location in CA. Plenty left there.
Dec 9, 2009, 6:47 pm
#104
FlyerTalk Evangelist
Join Date: Dec 2003
Location: LAX
Posts: 10,909
This is a decent deal for Hyatt and sure beats offloading nights on Priceline.
For all practical purposes these will mostly be used on leisure stays (I assume a relatively small percentage of the overall revenue flow) and yet they may attract new clients. Most people I know shop at Costco but very few stay at Hyatts.
The only question is how much to buy... Last december I bought $1K worth of starbucks cards at costco and promptly ran out of them by september. Now regret not buying at least $3K...
For all practical purposes these will mostly be used on leisure stays (I assume a relatively small percentage of the overall revenue flow) and yet they may attract new clients. Most people I know shop at Costco but very few stay at Hyatts.
The only question is how much to buy... Last december I bought $1K worth of starbucks cards at costco and promptly ran out of them by september. Now regret not buying at least $3K...
Dec 9, 2009, 7:08 pm
#105
Join Date: Jun 2008
Programs: Hyatt LIFETIME Globalist
Posts: 661
Got some today at Modesto, ca...