[CONFIRMED] Points and Cash Devaluation Coming 1 November?
Oct 24, 2018, 6:31 am
#76
formerly a193991
Join Date: Dec 2014
Location: Zulu Romeo Hotel
Programs: Hyatt LT Globalist; LX SEN (*A Gold), AA LTG, SBB-CFF-FFS First Class GA
Posts: 4,578
i wouldn't say it is bad in every case. I have seen full cash rates at Cat 6 and 7 hotels, which were only slightly higher than the cash part in a P+C. e.g. 350$ full cash vs 300$ in a P+C scenario. so with the new rules, the cash part in a P+C case would drop to 175$.
Oct 24, 2018, 7:37 am
#77
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,095
Indeed. But as with a typical divide and conquer strategy, making some feel like they are winning from a move which is causing others to lose in the same stroke is par for the course, the PR course especially when there are more customers losing than winning from a change.
Oct 24, 2018, 7:40 am
#78
Join Date: Aug 2012
Location: Mainly Hotels
Programs: Marriott, Hyatt, Hilton, IHG
Posts: 83
This went by pretty fast as I was canceling the cash + points reservation, but it looked like the Centric in Rosslyn, Virginia had already converted the cash portion to the new system. I checked some cash +points reservations at the Hyatt Regency Tysons Corner and those are still set at 75 + Tax.
Oct 24, 2018, 7:54 am
#79
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,095
This went by pretty fast as I was canceling the cash + points reservation, but it looked like the Centric in Rosslyn, Virginia had already converted the cash portion to the new system. I checked some cash +points reservations at the Hyatt Regency Tysons Corner and those are still set at 75 + Tax.
Oct 24, 2018, 8:16 am
#80
Join Date: Apr 2007
Programs: QF, VA, AC, Hyatt, Marriott
Posts: 3,784
Can we be confident that it also works this way? I know the new chart says 50% of the standard rate, but I wouldn't be surprised if the current cash component is the minimum. So in your example, the points plus cash would be 15k plus $300 (for a category seven).
Oct 24, 2018, 5:21 pm
#81
FlyerTalk Evangelist
Join Date: Jul 2011
Programs: Hyatt Discoverist, SEIBU PRINCE CLUB Silver, Marriott Gold
Posts: 20,436
But those were the cases where P+C was already a bad value in the first place. And it still is, unless you value 15000 points at under $175.
Oct 24, 2018, 8:44 pm
#82
Join Date: May 2003
Location: Philadelphia, LAX, Paris
Programs: UA 1K/2MM, SPG/Marriott Lifetime Titanium, Lifetime HHonors Diamond, Hyatt Globalist, AA Exec Plat
Posts: 3,327
Interesting but I just checked the Park Hyatt Saigon on hyatt.com and their Cash & Points rate is no longer offered.
Glad I booked 2 rooms with C & P last week!
Glad I booked 2 rooms with C & P last week!
Oct 25, 2018, 12:23 am
#83
Join Date: Jan 2012
Location: Osaka
Programs: Hyatt Explorist, Hilton Gold, UA
Posts: 3,158
I find it difficult to imagine many instances where the new P+C is going to be a better deal that the old P+C. Maybe sometimes it will be only marginally different, and it will require different comparisons vs all-pts and vs cash, but in most cases the occasional fantastic deals that were available on P+C will be gone.
Fortunately, one significant reason for preferring P+C over all-pts is no longer needed. Before all-pts stays were counted for night/stay credit P+C was very important as a means of using up some pts while still getting credit, but that is no longer relevant.
Oct 25, 2018, 6:05 am
#84
FlyerTalk Evangelist
Join Date: Aug 2011
Location: Barcelona, London, on a plane
Programs: BA Silver, TK E+, AA PP, Hyatt Globalist, Marriott LT Plat, Hilton Diamond
Posts: 13,048
+1
I find it difficult to imagine many instances where the new P+C is going to be a better deal that the old P+C. Maybe sometimes it will be only marginally different, and it will require different comparisons vs all-pts and vs cash, but in most cases the occasional fantastic deals that were available on P+C will be gone.
Fortunately, one significant reason for preferring P+C over all-pts is no longer needed. Before all-pts stays were counted for night/stay credit P+C was very important as a means of using up some pts while still getting credit, but that is no longer relevant.
I find it difficult to imagine many instances where the new P+C is going to be a better deal that the old P+C. Maybe sometimes it will be only marginally different, and it will require different comparisons vs all-pts and vs cash, but in most cases the occasional fantastic deals that were available on P+C will be gone.
Fortunately, one significant reason for preferring P+C over all-pts is no longer needed. Before all-pts stays were counted for night/stay credit P+C was very important as a means of using up some pts while still getting credit, but that is no longer relevant.
The main use will be deceiving people into booking P+C for a 50% discount instead of just paying with points (buying them if necessary)
Oct 25, 2018, 7:58 am
#85
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,095
Therr will be instances when P+C may be better than 100% point awards and better than 100% cash rate, but it will be more the exception than the norm.
Oct 25, 2018, 9:41 am
#86
Join Date: Jan 2012
Location: Osaka
Programs: Hyatt Explorist, Hilton Gold, UA
Posts: 3,158
You may be right, but in this day and age of trumpian claims, I'm more doubtful of superlatives such as "zero". Especially considering the limit on pt purchases and the timing for pt sales, I'm not that sure that there might still be some situations when it might be to one's advantage to book even the new P+C, especially considering T&S as high as 30% on cash portions.
Oct 25, 2018, 9:49 am
#87
Join Date: Jan 2012
Location: Osaka
Programs: Hyatt Explorist, Hilton Gold, UA
Posts: 3,158
Sounds like Hyatt has just primed the pump to try to directly sell more points going forward, whether or not it intends to deceive customers. Either way, there should be little to no doubt that Hyatt is pursuing this change for its own interests at the expense of customers in the main. Devaluations hitting the loyalty program customers in the main are what Hyatt has been about more since getting ready to go public than ever before.
Therr will be instances when P+C may be better than 100% point awards and better than 100% cash rate, but it will be more the exception than the norm.
Oct 25, 2018, 11:39 am
#88
Join Date: Dec 2004
Location: MKE
Programs: Hyatt Globalist, AA Plat Pro, MR LTP, others from cards
Posts: 890
So the only time it would ever make sense to book the new P+C is if points are a good deal for a stay but you don't have enough to book it (and Hyatt isn't running a sale to buy them at a reasonable price).
Oct 25, 2018, 12:12 pm
#89
Join Date: Feb 2000
Posts: 6,546
a trivial increase in the nightly "cash" component by buying half the points needed on a standard award from WOH at the current $0.017 rate vs. the defunct points+cash rate plan.
not even valuing all the incremental benefits of standard awards including last room availability, free parking for globalists, waived resort fees for kettles.
not even valuing all the incremental benefits of standard awards including last room availability, free parking for globalists, waived resort fees for kettles.
Oct 25, 2018, 1:01 pm
#90
FlyerTalk Evangelist
Join Date: Aug 2011
Location: Barcelona, London, on a plane
Programs: BA Silver, TK E+, AA PP, Hyatt Globalist, Marriott LT Plat, Hilton Diamond
Posts: 13,048
You may be right, but in this day and age of trumpian claims, I'm more doubtful of superlatives such as "zero". Especially considering the limit on pt purchases and the timing for pt sales, I'm not that sure that there might still be some situations when it might be to one's advantage to book even the new P+C, especially considering T&S as high as 30% on cash portions.
But as near as I can figure, for the marginal scenarios, you'll still end up paying cash because you'll earn more points back. (although you can adjust your calculations for that as well)
The restrictions are indeed about the limit on buying points and whether you happen to have enough points on hand whenever there isn't a buy points promo ongoing.