Hyatt is cutting elite status requirements in half for 2021. They are giving extra elite nights to people who get their credit card by the end of the year. They are running double elite qualifying nights for the first two months of 2021 (and stays at the end of 2020 will also earn an elite night for 2021). Spending points transferred from Chase or the initial bonus on their credit card on free nights count towards status and they’re even rebating points.
Taken together Hyatt status is going to be very easy to earn in 2021 for the rest of that year and all of 2022. However Hyatt has decoupled some elite benefits from status, and reserves those for people staying a specific number of nights. The nights requirements for ‘Milestone Rewards’ have not been reduced.