It’s been five years since Hyatt last devalued, introducing a new category 7 and raising the price of many awards. The best hotels became more expensive, suite redemptions became more expensive, but overall the weighted average of free night award prices went up just 4%.
Since that time there have been remarkably few changes to the earn and burn side of the Hyatt program. Even the total revamp and introduction of ‘World of Hyatt’ nearly two years ago was a change only to the elite program.