[CONFIRMED] Points and Cash Devaluation Coming 1 November?
Oct 22, 2018, 9:56 am
#46
Join Date: Sep 2002
Location: Thousand Oaks, Ca., USA
Programs: AA Lifetime Plat; Bonvoy Titanium Lifetime Elite;Hyatt Globalist; HHonors Diamond; United Silver
Posts: 8,303
if I could buy unlimited points then the cash price doesn’t matter. Last sale was a max of 77k points,,less than 1/3 of my annual P&C points burn.
Last edited by beachfan; Oct 22, 2018 at 10:02 am
Oct 22, 2018, 12:18 pm
#49
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And buying points way in advance for speculative future booking purposes is a potential losing gamble for customers. Such buying of points is to gamble in a game stacked in Hyatt’s favor, as Hyatt can devalue the points between when you buy them and when you may want to try to redeem them.
Oct 22, 2018, 4:07 pm
#50
Join Date: Jun 2013
Posts: 531
Oct 22, 2018, 4:42 pm
#51
Original Poster
Join Date: Apr 2003
Programs: B6 Mosaic, Bonvoy LT Titanium (x SPG LT), IHG Spire, UA Silver
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Oct 23, 2018, 10:50 am
#52
Join Date: Sep 2002
Location: Thousand Oaks, Ca., USA
Programs: AA Lifetime Plat; Bonvoy Titanium Lifetime Elite;Hyatt Globalist; HHonors Diamond; United Silver
Posts: 8,303
And it’s half the standard rate, not the rate you would likely be paying- hyatt menner rate, AAA, Senior
Oct 23, 2018, 11:09 am
#53
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Join Date: Aug 2007
Location: SEA, but up and down the coast a lot
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Posts: 20,378
It's not speculation any more...
https://world.hyatt.com/content/gp/e...-upgrades.html
https://world.hyatt.com/content/gp/e...-upgrades.html
Points + Cash
NEW: Starting November 1, 2018, combining Points + Cash will require 50% of the points required for a free night and 50% of the Standard Rate.
NEW: Starting November 1, 2018, combining Points + Cash will require 50% of the points required for a free night and 50% of the Standard Rate.
Oct 23, 2018, 11:15 am
#54
Join Date: Feb 2000
Posts: 6,540
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 23, 2018, 11:18 am
#55
Join Date: Apr 1999
Location: San Francisco, CA, USA
Programs: Hyatt LT Globalist, Marriot LT Titanium, UA 2.4MM, HH Gold, AS MVPG
Posts: 3,400
Guess the way around that will be (which only works on even numbered night stays and stays of 2 or more nights) to use points for half the stay and then book the lowest rate for the other half.
Oct 23, 2018, 12:39 pm
#56
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Hyatt loyalty program management’s been in program devaluation mode for quite some time, so there is no better time to complain about devaluations than before the next devaluation. And Hyatt’s been providing less and less advance notice when it comes to how they change the Hyatt loyalty program. Complaining about no minimal advance notice period before a devaluation hits is sensible now. Complaining about devaluations is sensible now too. Unfortunately for customers, customer complaints now or later probably won’t change a thing since Hyatt is fully vested in devaluing the program for its customers in the main in the current environment. But I don’t see the harm from complaining away and doing so now and later.
This kind of devaluation with little/no honest advance notice has become so typical of Hyatt with how it does things.
Oct 23, 2018, 12:44 pm
#57
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So how quickly will someone post an example where the cash element of the points+cash booking under the new P+C system is higher than a booking not using points at all? I’m not going to be surprised when some people will see that happen.
Oct 23, 2018, 1:02 pm
#58
Join Date: Oct 2002
Location: Houston
Programs: AA EXP; Hyatt Globalist; Marriott Titanium, Hilton Diamond, UA 1.56MM (fmr UA1K)
Posts: 5,770
This pretty much guts the P&C program. It will be largely something the clueless book who are cash-strapped and need to save cash as opposed to looking for value. This is a big devaluation of the WOH program.